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Monte de Piedad Seeks Binding Arbitration as Six-Month Strike Grinds On

A court review of a February ruling keeps the stoppage unresolved.

Overview

  • Nacional Monte de Piedad says talks are exhausted and is asking labor authorities to impose binding arbitration to end the walkout.
  • Its final offer includes a 5.3% pay raise and restoring internal job postings for 50.5% of the disputed vacancies, or 148 of 293 roles, without cutting benefits.
  • A federal judge ruled the strike “inexistent” on February 20, and the union’s appeal is now with a collegiate tribunal that could either force a reopening or keep the strike in place.
  • The union led by Arturo Zayún rejects arbitration, demands a public negotiation table, and seeks payment of withheld bonuses, savings funds, and missed paychecks.
  • Clients still cannot retrieve pledged items, can keep paying through the app and bank channels, may petition case 1001/2025 to seek return of paid‑off goods, and were warned about fake texts asking for personal data or off‑contract payments.