The Argentine Industrial Union (UIA, by its Spanish initials) will pay its workers the two AR$30,000 bonuses mandated by the government. Despite the unease the measure has caused in the business world, UIA President Daniel Funes de Rioja said on Sunday that his manufacturing industry federation would “protest, but pay”. He was speaking at a celebration for the Day of Industry in Entre Ríos province, which was also attended by Economy Minister Sergio Massa. On August 27, Massa announced that formally employed workers with monthly salaries of up to AR$400,000 will receive AR$60,000. The bonus is currently worth US$171 at the official exchange rate and US$89.50 at the MEP dollar rate.

Source: Bueno Aires Herald September 05, 2023 01:41 UTC