In April, layoffs doubled and there are 300,000 cases of salary reductions

0
9

They assure that the data represent “the tip of the iceberg”, since the study omits the informal sector and is also the beginning of an ongoing process

According to a CEPA study, in the last 30 days, layoffs and suspensions doubled and almost 300,000 cases of wage cuts were registered.

Within this panorama, the contractual breaches were those that could be kept more controlled with 5,386 cases as a result of decree 329 that prohibited said action. Despite this, specific examples such as those of Techint, the Penta refrigerator and the autopartist Mirgor by Nicky Caputo, among others, stood out.

Meanwhile, the report reports 7,223 suspensions and highlights the cases of Dabra, Garbarino, Compu Mundo and General Motors. Thus, 58% of the layoffs and suspensions occurred in the services category in which recreation and tourism played a major role, 19% in construction, 14% in industry, 5% in the primary sector and 4% in commerce.

A very different scenario is seen in the field of what CEPA calls “wage risk”, that is, those situations of income reduction (either by unilateral decision of the employer or by agreements with the unions), payment arrears and combination of suspensions with income reduction.

In this sense, the study shows an exponential rise of 9,830 workers affected by these reasons in March to 287,233 in April, the majority of which was given by a consensual agreement between the employers and the union.

Here it was the industry that led the statistic with 79% of the cuts due to the great weight of the UOM and Oil tankers agreements, followed by trade (11%), services (5%) and the primary sector ( 4%) with the majority of conditions concentrated in mining.

“In the commerce sector, there is no noticeable increase in layoffs, and cases of wage reductions prevail, particularly in fast food chains and a significant number of restaurants,” CEPA details.

The most worrisome thing is that said study center warns that the data represent “the tip of the iceberg”, since “this cut mainly covers the situations experienced in registered companies”.

“These are those cases that have become public, so it is possible to omit situations that occur in the informal world and in those cases where the absence of unions or the absence of journalistic coverage has prevented disclosure of contractual breaks or wage losses” they add.

In turn, the period analyzed goes from March 15 to April 15, therefore, it does not even cover the first full month of quarantine. “The data collected is only partial, it is illustrative of an ongoing process,” they clarify, almost as a foretaste that the worst is yet to come.

Find out the latest on digital economy, startups, fintech, corporate innovation and blockchain. CLICK HERE

LEAVE A REPLY

Please enter your comment!
Please enter your name here