San Francisco: A threatened dockworkers strike in the port of Rosario was averted at the eleventh hour on Tuesday as unions and export companies agreed a deal that included a hefty wage hike.
Rosario is Argentina’s grain export hub and strike action now would have hit at the worst possible time in the harvest and shipping season. Argentina is the world’s leading exporter of soymeal and soyoil and a major player in corn, too.
The new deal sees workers get a 31.5 per cent pay rise. Representatives of the CGT labour federation – which includes quality control inspectors as well as stevedores – maintained this was not an unreasonable hike because of the rampant cost-of-living inflation in the country.