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National Banking Strike Announced for May 13th in Argentina
๐Ÿ‡ฆ๐Ÿ‡ท Argentina /Economy & Trade

National Banking Strike Announced for May 13th in Argentina

From La Naciรณn · (8h ago) Spanish Critical tone

Translated from Spanish, summarized and contextualized by DistantNews.

TLDR

  • Argentina's banking sector is set for a national strike on Wednesday, May 13th, affecting the Central Bank (BCRA) and Banco Hipotecario.
  • The strike, called by the La Bancaria union, protests decisions perceived as arbitrary and harmful to workers, including the closure of regional treasury offices and potential job losses.
  • This action follows a previous strike and indicates an escalating conflict over the entities' policies, with the union threatening further measures if demands are not met.

The Argentine banking sector faces renewed disruption as the La Bancaria union announces a national strike for Wednesday, May 13th. This action, targeting the Central Bank of the Argentine Republic (BCRA) and Banco Hipotecario, signals a deepening conflict between labor and management. The union, led by Sergio Palazzo, vehemently opposes what it terms 'arbitrary and unacceptable decisions' by the authorities of these institutions. A key point of contention is the reported closure of 12 regional treasury offices within the BCRA, a move the union fears could lead to 32 job losses and a significant weakening of essential functions, particularly impacting regional economies. Similarly, at Banco Hipotecario, the union decries the 'systematic closure of branches and the execution of unjustified dismissals.' This strike is not an isolated incident; it follows a previous 24-hour stoppage and indicates a breakdown in dialogue. La Bancaria accuses the authorities of intransigence and a lack of willingness to negotiate, pushing the conflict to a critical point. The union's 'state of alert and mobilization' suggests that further, more direct actions may follow if urgent solutions are not provided, underscoring a fierce resistance against austerity measures impacting workers.

la medida se llevarรก adelante contra la resoluciรณn que dispone el cierre de 12 de las 21 tesorerรญas regionales del paรญs

โ€” La BancariaThe union's statement explaining the strike action against the BCRA's decision to close regional treasury offices.
DistantNews Editorial

Originally published by La Naciรณn in Spanish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.