Tuesday, November 30, 2021

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Slow wage recovery in Uruguay

Slow wage recovery in Uruguay

Montevideo, Nov 16 (Prensa Latina) The wage recovery for Uruguayan workers will be only 1.6 percent instead of the 4.22 expected, as indicated today by the lawyer of the business sector, Pablo Durán.
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“Therein lies the essence of what is going on in the negotiations,” he said in relation to the two-year term of the agreements reached between the parties with the participation of the government amidst the Covid-19 pandemic.

During that process, the Executive Branch promised the uninterrupted level of recovery, by 2022.

The Ministry of Labor reported from the annual process of the ongoing Wage Councils that 40 percent of the participating groups reached agreements and more than 20 percent are close to doing so.

There are still branches with accentuated differences in positions, such as supermarkets, stores and meat packing plants, whose businessmen expect to advance in tripartite meetings with government participation.

Durán acknowledged that “the measures will have a great impact”, because the inflation estimates for setting the wage increases were lower.

During the course of this year, different unions protested against the cuts and consequent reductions in income included in the recent Budgetary Accountability Law, approved by the parliamentary majority of right-wing coalition parties, with fiscal adjustment criteria.

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