Argentine commerce workers to get 1.9% August pay rise and bonus

Argentine commerce workers are set to receive a 1.9% salary increase in August, following a broader quarterly raise agreement. This adjustment is part of a 5.7% increase distributed over July, August, and September. The deal, reached on July 23 between the Federation of Argentine Commerce and Services Employees (Faecys) and business organizations, also includes an extraordinary bonus of $50,000 for all worker categories, paid in two installments of $25,000 in July and August.

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the understanding contemplates a quarterly increase of 5.7%, distributed as follows: 1.9% in July, 1.9% in August, and 1.9% in September.

While the specific salary figures for each worker category are still pending the release of detailed grids, the agreement aims to protect workers' purchasing power. Faecys Secretary-General Armando Cavalieri emphasized the importance of collective bargaining in navigating a complex economic landscape. He highlighted the agreement's role in preserving employment and providing predictability for the commercial sector, particularly for small and medium-sized businesses facing significant challenges.

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This agreement reflects the willingness of the parties to maintain responsible and constructive dialogue to reach consensus, even in a complex economic context that affects the entire commercial activity.

The agreement includes a commitment to constant monitoring of the economic situation to ensure that real wages keep pace with inflation. This measure is intended to provide a buffer against the rising cost of living in the first half of the year. The union and employers have committed to a dialogue that balances the needs of workers with the realities faced by businesses.

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Collective bargaining remains the most valuable tool for finding balanced solutions that consider the reality of workers and businesses.