Designed by minister Sergio Massa, the government aims to sound out the plan with union and business leaders as part of a larger price reduction program. Sources in the more traditional sectors of the CGT said they trust the Economy Minister’s chances of easing the rise in prices and are willing to sign their wage rounds accordingly. So far, the 2023 legal precedents regarding wage rounds are almost null. Meanwhile, La Bancaria (bank workers union) led by Sergio Palazzo will attempt a short negotiation limited to the first quarter of the year, as a bridge to then resume negotiations with the financial sector for the rest of 2023. Thus, the union led by Hugo and Pablo Moyano will not have a leading role in the first part of the year’s wage rounds unless there is a pronounced increase in the rate of inflation.

Source: Bueno Aires Herald January 06, 2023 21:08 UTC