Revision clauses were designed by the Department of Labor and the Executive to replace the escalator clauses that adjusted wages under collective bargaining agreements automatically according to inflation rate in 2017.
Published in El Cronista on December 12, 2018
As a replacement, revision clauses were created because they are not automatically enforced and depend on the latest negotiations in the period once INDEC CPI is revealed in the second fortnight of January 2019. In practice, this was a semantic difference but both have the same effect.
The truth is that these clauses have been enforced in advance, like in the case of the collective bargaining agreement entered into by and between the Chamber of Commerce [Cámara de Comercio] and the Federation of Workers in Commerce and Services [Federación de Trabajadores de Comercio y Servicios] whereby the parties agreed on a raise payable in three installments of 7%, 7% and 6% in January, February and March 2019 respectively, reaching a total of 45%, with a clarifying note about the non-salary nature of the benefit without specifying whether it is included or not.