Argentina’s oilseed crushing companies appeal to striking workers to negotiate By Reuters

© Reuters. FILE PHOTO: Grain is loaded aboard ships for export on a port on the Parana river near Rosario


By Hernan Nessi

BUENOS AIRES (Reuters) – Argentina’s CIARA oilseed crushing companies’ chamber has accused striking workers of threatening the country’s competitive edge and ability to withstand the present social crisis, and called on them to return to the negotiating table.

Argentina’s SOEA oilseeds crushers union said on Friday it would extend a strike that started on Thursday until Sunday morning in their bid to extract bonuses from their companies for continuing to work during the COVID-19 pandemic.

CIARA said in a statement that the action was causing “serious disruption to the normal operation of milling plants” and that “wildcat activity goes beyond the bounds of a legitimate right to strike.”

“Every hour and day of production that is lost is not recovered, exports decline and so does our ability to attract the foreign currency Argentina as a whole needs to handle social crises,” CIARA said.

“These losses, meanwhile, are gains for other factories elsewhere in the world while Argentina sees its main industry shrinking day by day.”

The strike has hit various grain-processing plants in the key agro-industrial hub north of Rosario, which concentrates about 80% of the agricultural and agro-industrial exports of Argentina, one of the world’s top grains exporters.

SOEA union official Daniel Succi said late on Friday that the strike would be extended until 6 a.m. (0900 GMT) on Sunday and that workers would meet to evaluate their next move. They want a special bonus for working during the COVID-19 pandemic.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

{n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments)};
s.parentNode.insertBefore(t,s)}(window, document,’script’,
fbq(‘init’, ‘751110881643258’);
fbq(‘track’, ‘PageView’);

by : Reuters

Source link

Capital Media

Read Previous

how the once trendsetting brand fell behind the times

Read Next

Vaccine News, Stimulus Hopes To Drive Sentiment In The Week Ahead By