Argentina: government raises the minimum salary level

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3 September 2019 à 11h11

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1 minute

Publication: 3 September 2019 à 11h11

Reading time: 1 minute

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Despite failed discussions on 30 August with the trade unions as part of the Salary Council to reach a consensus, on 02 September Argentina’s Official Bulletin published a 35% increase in the country’s minimum monthly salary. The 35% increase now sets Argentina’s minimum monthly income at ARS 16,875 (€264) up from ARS 12,500 (€195) previously.
Publication

3 September 2019 à 11h11

Reading time

1 minute

Publication: 3 September 2019 à 11h11

Reading time: 1 minute

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The salary increase will occur in several stages, first rising to ARS 15,625 in September and then a month later to ARS 16,875 in October. The rates apply to all workers on fulltime monthly pay. Employers had been seeking a 25% maximum increase, while trade unions had been calling for ARS 31, 934 (€500), the same level as that of the family poverty level.

The increase also impacts unemployment compensation, which rises 35% as well and in several stages to reach ARS 3,925 (€61.42) on 01 October.

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