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ECONOMY | 05-11-2021 14:09

Argentina’s oil workers getting 15% wage increase in December

Workers in the oil industry in Argentina will receive wage increases next month, according to a government statement.

Workers in the oil industry in Argentina will receive wage increases next month, according to a government statement released after an agreement between industry groups and unions in the sector.

Oil workers will receive an advance payment on their 2022 wage increase, which will mean a 15 percent increase in their December 2021 wages.

In May, both parties agreed to a 35 percent increase in the November 2021 salary, to be paid in three installments.

by Alvaro Ledgard, Bloomberg

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