Joint negotiations: bankers closed a 50% increase in December salaries for the first quarter of the year

The banking union announced on Wednesday that it had reached a new joint agreement, with which a quarterly increase of 50% compared to last December. From La Bancaria they explained that, with the advance of 9% in March, the increase for the sector will be equivalent to the inflation of the first three months of 2024.

“An advance of 9% will be granted for the month of March 2024, cumulative with what was received in the month of February, on all gross, normal, usual and overall monthly wages, remunerative and non-profitable, including conventional and non-profitable additional payments and conventional,” La Bancaria said in a statement.

In February the union had agreed on a 14% increase, again as an advance. The union chaired by Palazzo had also agreed in February on a bonus for the banking business day (which falls on November 6) of no less than $883,752.33.

The new joint agreement also updates this bonus.

The expected increases are in line with the slowdown in inflation, which stood at 13.2% in February. In this sense, La Bancaria explained that, in the event that the INDEC inflation index presents a number higher than the percentage agreed for the first quarter, “wages will be adjusted with retroactive effect to the month of March, paying this difference together with the salaries. April”.