Following negotiations marked by a series of mobilizations, a banking sector agreement was eventually forthcoming during Argentina’s overall sectoral negotiations. The trade union secured an annual rise of 33% whilst the government attempted to apply wage rises to shorter six-month periods and keep them as low as possible. Not all of the country’s sectors have yet concluded agreements.
In a tense atmosphere and under much pressure this compromise agreement was eventually struck on the night of 21/22 April. Initially the banking union had led strike action on Thursday 14 April where it says 95% of employees got involved before then calling for a national 48 hour strike on 21 and 22 April. This mobilization coming as it did before the weekend left open the worry about cash machines lying empty for several days. Against a backdrop of runaway inflation, the amount of the...
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