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General

Telefonica & Telecom Argentina workers awarded profit share

Friday 21 March 2014 | 21:58 CET | News
Workers at Telefonica Argentina and Telecom Argentina who are claiming shares in the operators' profits have won court judgments, reports Clarin. Rulings in their favour amount to around ARS 700,000 on average for each applicant. When Entel was privatised, it was agreed with Telefonica and Telecom Argentina that employees would receive yearly bonuses as a share of profits. However, disputes emerged after a decree, by then-president Carlos Menem, which limited this profit sharing. It is estimated that this action was brought by over 400 workers who had already managed to collect sums ranging

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Categories: General
Companies: Entel / Telecom Argentina / Telefonica Argentina
Countries: Argentina
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