Bank employees will receive a 32.5% salary increase for the first semester of 2023 and the extraordinary payment of compensation for Income Tax. In this way, the Banking Association, led by Sergio Palazzo, agreed to a fractional parity within the parameters suggested by the Ministry of Economy, of 30% for the first 6 months.
This is a sign of union moderation that will bring relief to Sergio Massa after it was confirmed that inflation in February reached 6.6% and the accumulated year-on-year rate reached 102.5%, the maximum in the last 32 years. Other major unions, such as the Unión Obrera Metalúrgica (UOM), began their parities with 60% demands in two semi-annual 30% agreements.
The agreement, signed this afternoon at the Ministry of Labor, contemplates that the salary increase, based on the salaries of last December, will be paid in four tranches: from January, 6%; since February, 7%; since March, 11% and since May, 8.4 percent.
The union that Palazzo leads was about to decide a measure of force if the differences with the chambers of the sector on the salary increase and the compensation for Profits were maintained. Finally, this Friday the negotiations were unlocked and progress could be made towards an agreement, within the commitment to review the 2022 parities and it was signed at the Ministry of Labor.
The labor portfolio, headed by Kelly Olmos, reported that it was also agreed to pay an acknowledgment of expenses corresponding to the 2020/2022 period and an extraordinary bonus of a single and unrepeatable payment, of a non-remunerative nature, as special recognition for the efforts made and the extraordinary expenses caused to workers during the pandemic: 50% will be paid in May and the remaining 50% next September.