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Argentine banking union holds work stoppage, threatens to strike over salary demands

Argentina'snational banking union, Asociación Bancaria, threatened to call another generalstrike before the end of October if banks do not heed its salary demands, Cronista reported, citing a radiointerview with the union's press secretary, Eduardo Berrozpe.

Bankworkers in the union planned to stop work 3 hours earlier than usual Oct. 5 andOct. 6 as a protest to hold meetings across the country. Banks have so farrejected the union's calls for salary renegotiations despite the fact thatinflation has reached 35%, the report said.

Theunion's initial agreement with the banks in April was for a nominalsalary hike of 33%, but this has been exceeded by inflation and so unionmembers argue that a new agreement is necessary.