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3mo ago

Mirgor Signs First Bank‑of‑Hours Deal Under Argentina's Labor Reform

Mirgor stores up to 200 hours per worker repaid at one and a half times to preserve wages, preventing layoffs.

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Mirgor busca expandirse y diversificar sus negocios, con la entrada en nuevos rubros y el crecimiento en los que ya está.
La empresa Mirgor firmó el convenio con SMATA para implementar el banco de horas.

Overview

  • The company and SMATA formalized the agreement in early June and will begin applying the scheme in July at Mirgor’s Garín, Baradero and Zárate plants covering about 600 employees.
  • The contract sets a 200‑hour bank over 12 months with each banked hour counted as 1.5 hours when returned, and repayment will be charged only on weekdays with weekend work generally paid as overtime.
  • Mirgor and the union say the tool is designed to protect pay and avoid dismissals as the autoparts sector has shed roughly 8,000 jobs in the past six to eight months.
  • Labor Minister Sandra Pettovello publicly endorsed the deal as the first private‑sector application of the regulated reform and officials present it as a potential model for other firms and unions.
  • The agreement excludes Mirgor’s Tierra del Fuego operations where UOM represents workers, and company and union officials say the bank can be extended, renegotiated or annulled if production does not recover by the end of the 12‑month term.