The most irregular wage negotiation in the past few years is heating up, and most people take inflation rate as the only factor to regulate the purchasing power loss of our currency.
Published in El Cronista on May 7, 2019
Everything that is going on is being thought in terms of stagflation, where the domestic market has collapsed due to credit crunch, lack of investment and a general loss of confidence.
By way of reference corporations are adopting the stance to dodge Unions’ blows by granting one annual pay rise only, and eventually another increase when the period ends. In some cases, corporations are filing crisis prevention procedures [procedimiento preventive de crisis] as they cannot discuss wages under the current circumstances.
As to the stance adopted by Unions when bargaining, there is a wide array of alternatives between extremes. Seguir leyendo The Most Irregular Labor-Management Negotiations In the Past Few Years