Summary
Argentina's Senate approved labour reforms supported by President Javier Milei. These changes make hiring more flexible, allow longer workdays, and limit the right to strike, which has led to public protests. Supporters believe the changes will boost the economy, but opponents argue they reduce worker protections.
Key Facts
- The Senate passed the labour modernization law with 42 votes in favor, 28 against, and 2 abstentions.
- The reforms aim to attract investment and create formal jobs, according to the government.
- Labour unions argue the reforms weaken worker rights and lead to easier dismissals.
- Public protests against the reforms have occurred, sometimes leading to clashes with police.
- Recent polls show that Argentinians are divided on the reforms, with nearly equal support and opposition.
- The law introduces new tax incentives for hiring and allows salaries to be paid in foreign currencies.
- The reforms extend standard workdays from eight to 12 hours and change the vacation system.
- President Milei aims to stabilize Argentina's economy, reduce inflation, and promote a free-market agenda.
