May 17, 2022 7:36 pm

Sergio Palazzo, the ally that pressures the Government to open the joint banking union

With a letter addressed to the Minister of Labour, Claudio Moroni, the union head of the Banking Association (AB), Sergio Palazzo, pressured the Government to open the salary negotiation for 2022. The parity of the sector expired on December 31 last and the union seeks to resume talks with the public and private chambers in the face of escalating inflation.

“There have been very few sectors that have managed to make a profit in the context of the pandemic and one of those was the financial sector. That is why we cannot allow, in this context, bank workers to lose the purchasing power of their salaries,” said Palazzo, who is a national deputy for the Frente de Todos, to the head of the labor portfolio.

And he added: “We request a hearing for this purpose with the urgency that the situation warrants, where the business chambers must appear in addition to our organization. [Abapra, Adeba, ABA, ABE y el Banco Central de la República Argentina]”.

President Alberto Fernández, together with the head of the Bank, Sergio PalazzoArchive

The AB achieved in 2021 an annual salary agreement of 51%, almost in line with inflation that relieved the Indec, which was 50.9%. The last adjustment took place in the first week of December, with the granting of an additional 8%, which boosted starting salary at $122,304.

It is likely that the starting bell of the banking parity will take place next week, according to what was reported to THE NATION sources of the labor portfolio and the union. It would not be unreasonable, they admitted close to Palazzo, to advance with a quarterly agreement through the payment of a fixed sum or a percentage, and resume the negotiation in March in order to evaluate the inflationary levels and then face the negotiation for the following months.

“At the end of the year we closed an additional 8% that left us above inflation by hundredths. The political gesture is now to open the negotiation”, they pointed out in the banking union, which brings together some 85,000 employees throughout the country.

In the budget bill that the Government sent to Congress and that was not dealt with in the face of the opposition’s rejection, the Minister of Economy, Martin Guzman, projected annual inflation of 33%, just four points above what he had imagined for 2021 (it ended up being 50.9%).

In the CGT, where Palazzo returned in November of last year with a hierarchical position, distrust the projections made by Guzmán. “33% will not be the parameter that we take for the parity,” said a head of the workers’ union. Hector Daer, meanwhile, told last week to Clarion that percentage “is not viable”.

For now, the first parity of 2022 has already closed far from the forecasts of the minister who is currently negotiating the payment of the debt to the International Monetary Fund (IMF). It’s about the Federation of Workers of the Oilseed Industrial Complex, Cotton and Allied Giners, which agreed in December with the three business chambers in the sector for a direct rise of one 39 percent as of January. The increase will be governed by eight months, since in August the possibility of a new adjustment will be reopened.

As of January 1, 2022, the initial basic salary of the Collective Labor Agreement 420/05, that of oil workers, will rise from 110,000 to 153,000 pesos, according to the union. That is, almost 40%. A review of the agreement signed with the CIARA, CIAVEC and CARBIO chambers is expected in August. In parallel, it was agreed to pay a extraordinary non-remunerative sum of $104,214, which will be settled in February and March 2022. It is a kind of end of year bonus which has been agreed since 2010.

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