December 13, 2023

The leadership of the General Confederation of Labor (CGT) will meet this Wednesday to analyze the “economic and social” situation following the measures announced by the Minister of Economy, Luis Caputo, which include devaluation of the peso, cuts in public administration and reduction of subsidies.

This was anticipated by union spokespersons, who confirmed that the meeting will take place at the Cegetista headquarters at Azopardo 802, but without specifying the time.

One of the leaders who confirmed this Wednesday’s meeting was the general secretary of the judicial union, Julio Piumato.

“They have already honesty regarding the price of the dollar, they have been honesty regarding the rates, now we want them to be honest regarding the salaries of active workers and our retirees,” said Piumato.

“A social tsunami”

Meanwhile, following the economic announcements, the head of Uocra, Gerardo Martínez, said: “This is a total tsunami socially and something similar in the financial and economic aspects for the country.”

The highest representative of construction workers anticipated that the CGT will add its economic advisors to today’s meeting to “evaluate the fine print of Caputo’s announcements and have a roadmap with clear and forceful readings, because everything seems to us imprecise, although very worrying.”

For his part, in statements to the press, the head of the Union of Gastronomic Workers, Luis Barrionuevo, stated: “We are facing a very tough adjustment.”

In this framework, the historic leader asked that the CGT be consulted on the economic measures: “Those who have to give their opinion are the guys from the CGT. I am a verticalist and I abide by what the labor movement says. A galloping recession is coming, without a doubt,” he said.

Meanwhile, the head of the Autonomous CTA (CTA-A), Hugo “Cachorro” Godoy, warned that “Minister Luis Caputo has just repeated the mechanism of exaggerating the inherited crisis situation to justify inadmissible measures, which will increase in “In a matter of days, poverty levels in Argentina are above 50%.”

Through a press release, the state union member considered: “A 118% devaluation of the Argentine peso implies, first of all, a multiplication of poverty that will barely be alleviated with the announcements of increases below that percentage in the already devalued value of the Universal Child Allowances and the Alimentar cards.”