With joint negotiations already in full swing in Argentina, in mid-March Smata, the automobile union (sindicato de mecanicos y afines del transporte), struck an agreement for the new April-June quarterly tranche. Negotiating for short-term agreement periods is a pioneering move in a country where more agreements are being struck over the course of one year or even two, but which could inspire others to do the same given the backdrop of inflation and the new government.
The increase set in March intends for wages to rise by 11% for the three months between April and June. This rise is to be added to the 7.5% increase that had been set for the January to March period. The agreement does not include a fixed payment to employees. “It is now four years that we have been setting salaries on a quarterly basis,” stated the union.
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