Footwear workers to receive staggered wage increases until August 2024
The Union of Footwear Industry Workers (UTICRA) and the Argentine Federation of the Footwear Industry (FAICA) have reached a new wage agreement for sector employees. The agreement establishes a staggered increase in base salaries and additional contractual allowances, calculated on the wage scale effective until May 31, 2024.
The details are as follows:
-From June 1, 2024, to June 30, 2024: A 10% salary increase will be applied.
-From July 1, 2024, to July 31, 2024: The salary increase will be 16.8%.
-From August 1, 2024, to August 31, 2024: The salary increase will reach 23.6%.
After the three-month wage adjustment period, the parties have committed to reconvene to evaluate the situation based on the progress of various prevailing economic variables.
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