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Wage Talks Between Oilseed Industry and Unions Stall in Rosario

Stalled talks risk disrupting processing plants and port exports that supply a major source of Argentina's foreign currency.

Overview

  • A new meeting in Rosario this Thursday ended without agreement and the parties expect a follow-up hearing at the Secretaría de Trabajo next Tuesday.
  • Industry group Ciara offered to peg monthly wage updates to the INDEC consumer-price index and says sector pay has risen about 13.8–14% since January.
  • Unions demand roughly a 20% recomposition, called the May proposal a provocation, and have left open the option of strike action if conciliation lapses.
  • The government imposed mandatory conciliation that halted a planned walkout and may extend the suspension to keep negotiations alive through June 25.
  • A prolonged dispute could halt processing plants and port shipments during the harvest, cutting a key source of foreign currency and hitting workers' real incomes after high inflation and alleged industry windfalls of about USD 3.74 billion.