MercoPress. South Atlantic News Agency
Argentina supports bill requiring companies to distribute 10% of profits to workers
A day before Tuesday’s round of talks between Argentina’s organized labour (CGT) and the Industrial Union (UIA) to consider the possibility of a ‘social pact’ to help contain prices (inflation), the government expressed support for a law sponsored by unions that requires companies to distribute 10% of profits to workers. Read full article
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Disclaimer & comment rulesYou Argies certainlt know how to attract investment to your country lol :-))
May 03rd, 2011 - 09:09 am - Link - Report abuse 0Argentine companies are lucrative ?
May 03rd, 2011 - 09:59 am - Link - Report abuse 0This is nonsense, only “Queen Cristina” can think about something like it. Moyano (worker's CGT) push for it. With this law, government's Directors in private companies and the land only for Argentinean my country is going to be another Cuba or Venezuela in a very short time.
May 03rd, 2011 - 12:31 pm - Link - Report abuse 0What I don't know what will happen in case the company lose money. Are the employes to give away part of their salaries?
Perhaps with laws like these some of you, living in “the tinny Falklands” want to become an Argie .... jejejejeje
3 Rob the argentinean. Unfortunately your appraisal of the situation is accurate; you're way too kind referring to her as “Queen”, I liken her more to a female dog.
May 03rd, 2011 - 03:06 pm - Link - Report abuse 0Tim, remember you need to share 10% of your translation services business with Rob the fake argentinean :-)
May 03rd, 2011 - 05:08 pm - Link - Report abuse 0But isn't profit already distrubuted to the workers? I think they call it a “salary”.
May 03rd, 2011 - 05:21 pm - Link - Report abuse 0@3. It is a worrying trend. Or maybe the way forward for Argentina is to become like Venezuela or Cuba. It has tried other economic and social models and failed.
May 03rd, 2011 - 05:23 pm - Link - Report abuse 0Just a thought for discussion.
so what happens when you loose money , employees contribute their paychecks to save the company? ....I don't think so
May 03rd, 2011 - 06:12 pm - Link - Report abuse 05 Marcos Alejandro (#). No way José
May 03rd, 2011 - 07:14 pm - Link - Report abuse 0I think that what Hugo Moyano really wants is for the “workers 10%” to be sent to a fund controlled by him.
May 03rd, 2011 - 07:18 pm - Link - Report abuse 010 jerry (#). Moyano is a megalomanic thug whose family's only interest is to fill their pockets with as much cash as possible at the expense of the workers. Don't cross him or his family or you will end up with your feet in concrete at the bottom of the River Plate
May 03rd, 2011 - 09:20 pm - Link - Report abuse 010% of 'profits' is the current proposed Danegeld;
May 03rd, 2011 - 09:42 pm - Link - Report abuse 0I guess it will be 10% of turnover next - of course, added to salaries/wages in the monthly wage packet.
Perhaps all these salaries, wages and 10%s should go straight to the union(s), and let them decide what 'overheads' to take before distributing the residue to 'the men'.
Perhaps the Government could cut out the middle-man and give the unions the companies.
Hell, if this were to happen all over Argentina we could call it Cuba II, or something!
Perhaps all that's needed is some . . . way . . . to make the union boss the President.
Rob the “argentinean”, meet xbarilox, the other “argentinean”.
May 04th, 2011 - 12:01 am - Link - Report abuse 0haha
By the way we say Argentine. ;-)
#5 Marcos Alejandro: I don't know why you call me “fake Argentine”. Lot of people use to introduce themselves using fake or no accurate information but is not my case. I am Argentine, living in Mendoza and suffering this government every single day. Others use to show they are
May 04th, 2011 - 12:47 am - Link - Report abuse 0Argentine but forget to say they are not living in Argentina, how to know the truth by yourself about what's going on here?
Martin_Fierro #13 thanks for teaching me. As you could see living in Argentina I don't have chances improving my English vocabulary. Living in US, as you do, I see you speak a better English than me.
hey, did you hear that man? it's pucherito (aka cristina), she's saying something about the Fifty-Fifty lol ¡ESTÚPIDA! Moyano le está dando la dacharga de su vida jaja See ya!
May 04th, 2011 - 12:59 am - Link - Report abuse 0Well, after I taught the correct word, I changed my screen name ... only it, not my beliefs. (Rob, former “the argentinean”)
May 04th, 2011 - 01:31 am - Link - Report abuse 0““I think it’s the right move to discuss this matter since Argentina is going through a period of strong economic growth,” he remarked.”
May 04th, 2011 - 01:34 am - Link - Report abuse 0It's a fine idea......if you want to put a stop to that growth anyway.
@13 @ 14 @ 15 As a senior officer on the Argentine side I command you all to get along , I don't give a shit if one is a mormon or the other one wants to give Patagonia to Chile , learn from the brits , they don't fight in public and they agree in all the shit they write in this forum...... Even though some of us don't live in Argentina, we still have passion for our country (la patria duele y se extraña)
May 04th, 2011 - 01:37 am - Link - Report abuse 0@ 18 “LA PATRIA DUELE YE EXTRAÑA” así es, but we're not fighting, we don't have to agree with each other. Do you really think that brits agree in all they say? I don't think they're idiots, only idiots will agree in every thing they do or say just because they are from the same country, I have read many comments posted by brits in different forums and I read that some brits want to give the islands to our country for example, so it's not true that brits agree in all they write, perhaps in this forum there are only brits who have the same views. I don't want to give the Patagonia to Chile, you should live in Argentina to understand what I mean artillero601, sorry, but this is true, living in the USA is different than living here, specially in Cap Fed. Cuando Cap. Fed. sea una gran La Salada todos estos pelot*dos que opinan sobre lo bien que se vive con Cristina, no van a volver, van a seguir donde están. Es como que rompen las pelotas al pedo, mientras cobran en dólares. No confundamos a esta bastarda de Cristina con la Argentina, una cosa es Cristina de Kirchner y otra Argentina, cuando Cristina se vaya todavía vamos a tener a Argentina (o lo que quede de ella) As for the islands, I only said what is vox populi. This is not about feeling, many people in this country will use the veterans to acuse those who have a different point of view of being traitors, that's what they do, I don't believe that's correct. The same people who gave their support to Galtieri are now crying and calling other people traitors lol they gave the support to Galtieri when he sent 18 year old boys to war. But we must use our heads not our hearts, sentimentalism is useless. This government is using people because it knows that unfortunately in our country people love to feel like victims, they're poor because the rich stole their money, they're poor because the Empire stole their money, they're poor because the Brits are pirates, it's like we're always bitching about the same sh*t.
May 04th, 2011 - 03:03 am - Link - Report abuse 0You're poor becouse your country abused by some Intelligent Services..
May 04th, 2011 - 09:53 am - Link - Report abuse 0You're poor becouse your country doen't have qualified ethnic groups..
You're poor becouse your country is still rawmaterial country..
You' re poor becouse your country has unbalanced socio-economico..
You're poor becouse your country isn't ruled by real Argentines.
Does this mean the unions will share in the losses also? Real companies have profit sharing, without government influence or meddling from unions..
May 04th, 2011 - 10:15 am - Link - Report abuse 0when the companies failured..then what will happen ?
May 04th, 2011 - 10:29 am - Link - Report abuse 0when more productivity( new machines) ..then what will happen ?
Won't work, it's a form of communism & we all know how that ended up.
May 04th, 2011 - 10:36 am - Link - Report abuse 0@8 artillero601, good point. couldn't see any employee contributing his wages to a failing company.
If the Government is to move to progressively nationalise the companies . . .
May 04th, 2011 - 11:40 am - Link - Report abuse 0and if the Government is to progressively pay the company workers . . .
why not just keep it private, tax the company . . .
and give money to the *people* out of taxes!
Or is the money just meant for UNIONS and their members?
@19 I agree BUT the country is the way it is because the division among ourselves. The day that we all stick together for the better of the country (and not ourselves) is the day that we will grow as a Nation meanwhile CFK wants to embrace Cuba and Venezuela ....therefore I read that she wants to make Argentina a banana republic.....
May 04th, 2011 - 01:13 pm - Link - Report abuse 0@23 Christina should give a call the russians and ask them how they enjoy capitalism now .....
300,000 Pesos to Moyano in December 2010, 170,000 in January, and now 350,000 in May, 4 more years with these people in the government and I hope those Argentines living in the USA will come back and help, or at least you will transfer some money from the USA to Argentina guys lol Millions to Moyano, millions to Hebe and Estela, millions to the families of the so called “Idealistic Youngsters” (aka throwing bombs to people even it is in schools is fun), millions to Gioja, millions to Urtubey, Jaime, the list never ends. People don't care anymore, corruption is part of our lives and it's accepted, recognized and guaranteed, :) oh, and necessary, that if you want to pursue a carreer in politics in our country, be corrupt. All countries suffer from corruption, but at least many of them fight it, here we don't fight corruption anymore, that's leading us to failure, thank you.
May 04th, 2011 - 05:31 pm - Link - Report abuse 0@ 26 .. and you want me to go back to that ??? hell no !!!!!!!!!
May 04th, 2011 - 05:57 pm - Link - Report abuse 0Xbox 26
May 04th, 2011 - 06:41 pm - Link - Report abuse 0I appreciate your comment.
@28 XBox26 Is that a new Xbox version? ...lol!
May 04th, 2011 - 06:55 pm - Link - Report abuse 0lol
May 04th, 2011 - 09:36 pm - Link - Report abuse 0I for one rather see the 10% in the hands of the working class, where it will go back into the economy to create jobs, rather then in the saving account collecting interest or building yet another mine to export Argentine resources and jobs to EU or USA. it's going to be a big problem but we have to start somewhere, Gaddafy tryed this in Libya back in 2009 and ended up being attacked by France, UK, USA, Canada and even Italy. http://mathaba.net/news/?x=626443
May 05th, 2011 - 08:42 am - Link - Report abuse 0”Í',
May 05th, 2011 - 09:49 am - Link - Report abuse 0. . . presumably because Gaddaffi started state- extorting money from French, UK, Canadian, and even Italian companies working in Libya in 2009.
Action and Reaction?
Perhaps it also had something to do with his use of tanks, warplanes and heavy weaponry on the Libyan people.
“I for one rather see the 10% in the hands of the working class, where it will go back into the economy to create jobs”
May 05th, 2011 - 10:36 am - Link - Report abuse 0Just as well for Argentina that you're not running the country I(diot) if that's what you think would happen. For your information investment is good for business and good for the economy, this will discourage investment, cretin. Or are you suggesting that the workers will be 'investing' by buying into companies with the companies own money...and that this is a good thing? fool.
I think it's a cracking idea. Do it, proceed forthwith.
May 05th, 2011 - 07:52 pm - Link - Report abuse 0Give lesser dividends to shareholders, discourage investment, watch your economy go down the toilet (again). It's all the same to me.
Actually I've changed my mind, go for it Argentina. We'll watch how this changes your economy for the better with great interest. Fill yer boots!
May 06th, 2011 - 07:28 pm - Link - Report abuse 0Commenting for this story is now closed.
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