Argentina: update on wage negotiations in retail, metal, oil and banking sectors

Sector-level wage negotiations, which are a cornerstone of social dialogue due to the rampant inflation in Argentina, have been disrupted this year by the health and economic emergency. Various sectors have managed to reach agreements in recent weeks, against a backdrop that is more adverse than ever, and which has been aggravated by two consecutive years of recession. After a round of turbulent negotiations, the retail sector has recently reached a compromise. It involves the largest trade union in the country, in terms of the number of employees represented (over 1 million), and has been reached in an industry that has been hit hard by the restrictive measures introduced in the country since 20 March, which have been relaxed in some regions but reinforced in others.