Live
Audio Only
Argentine banks will remain closed tomorrow for a two-day strike by employees demanding a high wage in the face of consistently high inflation.
RELATED:
Argentine Lawmakers Hold Third Hearing on Legalizing Abortion
The bank union - Banking Association (AB) - says that executives have increased their salaries 15 percent, an increase they deem insufficient to compete with the country’s yearlong 25 percent inflation.
"We totally and absolutely denounce the stinginess of the banks, their irresponsibility, and greed," says secretary of AB, Eduardo Berrozpe to Reuters.
Bank executives estimate that they’ll have to fill automatic teller machines in order to attend to customers wishing to withdraw money, which may complicate their access to cash. Most bank companies informed their clients of the boycott taking place April 17 and 18, via email.
Bank workers have gone on strike several times over the past several months, most recently for 24 hours on April 6 asking for a "dignified wage." They also boycotted for two days in February when bank heads offered employees a nine percent salary augmentation.
Berrozpe warned if the bank chambers don’t increase salaries soon the union will take further measures.
Newsletter
