The salary of Commerce employees increases: how much is earned and from when

Commerce employees closed a new collective bargaining agreement with staggered increases until June and additional fixed sums.

The basic salary will reach $1,123,000 with attendance included, after applying a 5.4% increase in three installments.

How much is the agreed increase?

The Argentine Federation of Commerce and Services Employees (FAECYS) signed a 5.4% increase, which will be applied in three monthly installments:

• 1.9% in April
• 1.8% in May
• 1.7% in June

With these adjustments, the minimum salary for workers in the commercial sector will climb to $1,123,000 with attendance.

What fixed sums does the agreement include?

In addition to the agreed percentage, workers will receive non-remunerative bonuses totaling $115,000, distributed as follows:

• $35,000 in April
• $40,000 in May
• $40,000 in June (incorporated into the basic in July)

This implies a direct reinforcement to the monthly income while the basic is adjusted.

Who signed the new Commerce collective bargaining agreement?

The agreement was signed by FAECYS and the main business chambers in the sector:

• Argentine Chamber of Commerce (CAC)
• Argentine Confederation of Medium Enterprises (CAME)
• Union of Commercial Entities (UDECA)

The parties highlighted the joint work to sustain purchasing power without affecting economic activity.