In the throes of economic recession, and amid widespread uncertainty, Argentina’s banking sector has just signed a ‘Super-agreement’, or ‘Record-agreement’ that updates and revalues salaries (paritaria), taking the 2019 year-to-date rise to an inflation-matching 50%. This latest increase raises the sector’s salary floor to more than three times the minimum salary. The agreement comes at a time of broadly generous salary increases for workers within the banking sector.
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