Particle.news
Download on the App Store

Argentina Bank Workers Win 2.3% October Raise and Automatic Indexing

The pact sets the entry wage at $1,959,956.26, with the October adjustment paid in November.

Overview

  • The Asociación Bancaria sealed the deal with ABAPPRA, ADEBA, ABA and the Central Bank.
  • An automatic update mechanism enables future pay adjustments without waiting for administrative homologation.
  • The 2.3% update applies to all gross monthly pay, remunerative and non‑remunerative, including conventional and non‑conventional extras and overtime.
  • The Día del Bancario bonus has a new minimum of $1,747,233.21 in the initial category and updates under the same regime.
  • With this update, banking salaries accumulate a 24.8% rise from January to October compared with December 2024.