US EditionArgentina Senators Pass Milei’s Labor Reform in Key First Step
The reform limits strike rights and reduces severance pay amid protests, affecting nearly 40% of informal workers, marking Argentina's biggest labor law change in 50 years.
- Early Thursday, the Senate approved by 42-30 Milei's labor reform after a marathon session, marking a major legislative victory for the government.
- Milei's reform package would ease hiring and firing, reduce severance pay, limit strike rights, create a Fondo de Asistencia Laboral, and alter overtime and indemnification calculations.
- Outside Congress, a few dozen hooded and masked demonstrators clashed with police blocking access to parliament, injuring at least 15 civilians and four police officers, with 32 demonstrators detained.
- The initiative now heads to the Chamber of Deputies where the government targets a vote before February 27, and Security Minister Alejandra Monteoliva vowed those responsible for Wednesday's violence `will be identified`.
- Markets reacted as the S&P Merval fell 1.40%, underscoring investor sensitivity to Argentina's most sweeping labor legislation in 50 years amid almost 40% of workers lacking formal contracts.
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The bill that received half a sanction in the Senate will now have to go through the Congress filter.
Read on Il Fatto Quotidiano.it the reform of the work approved by the Argentine Senate that extends the working day to 12 hours and facilitates layoffs. Violent clashes in Buenos Aires
Argentina Senate passes Milei labor reform, advancing pro‑market overhaul
BUENOS AIRES, Feb 12 (Reuters) – Argentina’s Senate approved President Javier Milei’s flagship labor reform bill early Thursday, marking a key advance for the libertarian leader’s sweeping economic agenda. After debating the measure for more than 13 hours, lawmakers voted 42 to 30 to pass the reform and send it to the lower house for debate, a victory for Milei’s administration, which argues the overhaul will spur investment and formal job…
Argentina’s Senate approves Milei’s labour reform amid protests and clashes
Argentina’s Senate gave initial approval to President Javier Milei’s labor reform bill after a marathon session that ran for more than 14 hours and unfolded amid street protests outside Congress. The draft cleared the upper chamber by 42 votes to 30 and will now move to the Lower House (Chamber of Deputies) for final consideration.
Argentina Senators Pass Milei’s Labor Reform in Key First Step
Senators in Argentina passed President Javier Milei’s signature labor reform bill early Thursday, a key step forward for the libertarian’s ambitious agenda that could support his government’s return to international markets.
Trade unions have protested against the project, which may be one of the major reforms in the decades of the Argentine economy; text now follows up to the House of Deputies.
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