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Argentina Oilseed Wage Talks Stall as Next Meeting Set for Oct. 22

Union leaders threaten a national strike if the mandatory conciliation expires in early November without a binding $2.3 million minimum wage agreement.

Overview

  • An official bargaining session on Oct. 14 ended without an agreement, and the Labor Secretariat set a recess until Oct. 22 under the ongoing conciliation.
  • Employer chambers CIARA and CARBIO reiterated their offer to maintain salary updates tied to INDEC’s inflation index.
  • The oilseed unions FTCIODyARA and SOEA demand a minimum of 2,344,728 pesos, citing INDEC household spending data and the constitutional standard covering nine basic needs.
  • The mandatory conciliation was imposed on Oct. 7 for 15 business days, and union leaders say they will call a nationwide strike if no deal is reached when it lapses in early November.
  • A prolonged stoppage could disrupt plants and ports in Greater Rosario that, according to sector reports, handle more than 70% of Argentina’s exports.