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Pay Rises 43% as Argentines See Inflation Triple Official Rate
Bloomberg
June 16, 2010

June 16 (Bloomberg) -- Argentine labor leaders are demanding the biggest wage increases in more than 15 years to compensate for inflation they say is running at more than three times the official rate of 10.7 percent a year.

In the past month, sugar-cane harvesters won a 43 percent pay rise, cafeteria employees 35 percent and janitors 28 percent. Union leader Osvaldo Iadarola, who represents 20,000 telephone workers at companies including Telecom Argentina SA, said he is seeking a 35 percent increase, along with the right to ask for more in six months if prices continue to rise.

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