• Short Summary

    The "Social Pact" in argentina between workers, management and Government, which was designed to hold down the rate of inflation, is facing its greatest challenge from a new outbreak of labour unrest in the country.

  • Description

    The "Social Pact" in argentina between workers, management and Government, which was designed to hold down the rate of inflation, is facing its greatest challenge from a new outbreak of labour unrest in the country.

    Printers, newsmen, teachers, state-employed doctors and railwaymen are just some of the groups staging wild-cat strikes for higher pay and better working conditions.

    In June last year -- during the Presidency of Hector Campora -- all Argentine workers received a wage increase of 20 U.S. dollars (eight pounds sterling) a month. The Government then froze both prices and incomes.

    But, by March the social pact was beginning to creak dangerously. President Peron himself took direct charge of negotiations and a general wage increase was fixed at 13 per cent. Prices in the private sector remain frozen in theory and any increases must be approved by the Government. But many prices in the public sector have risen dramatically. Petrol prices rose by 100 per cent; public transport by 15 per cent; electricity by 80 per cent and gas by 30 per cent. Food prices have also risen.

    Price controls contributed to holding Argentina's inflation rate to 7 per cent last year. Now the labour unrest is threatening to disrupt the agreement between workers, management and Government and observers fear prices could rocket again.

  • Tags

  • Data

    Film ID:
    VLVA6N5TBDISR56Z8UING30JTVVHK
    Media URN:
    VLVA6N5TBDISR56Z8UING30JTVVHK
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    07/06/1974
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:18:00
    Time in/Out:
    /
    Canister:
    N/A

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