US EditionArgentina Senators Pass Milei’s Labor Reform in Key First Step
The reform, hailed as the most significant in 50 years, passed 42-30 in a marathon vote amid violent protests and aims to formalize jobs amid 40% informal employment, officials say.
- 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.
128 Articles
128 Articles
Argentina approves President Milei’s labor reforms
Lawmakers approved Argentinian President Javier Milei’s labor overhaul, a major victory for the libertarian leader’s economic agenda. The new laws — which were fiercely opposed by unions — will make it easier for firms to fire employees. High severance packages do not just make this “almost impossible,” the Associated Press reported, but also disincentivize formal employment: Around half of Argentinians work off the books, and private sector job…
Milei’s labour reform: Company bargaining, severance caps and ‘hour banks’
President Javier Milei's labour reform package has cleared the Senate and now goes to the lower house Chamber of Deputies; Ruling party conceded on key points to ensure its passage – what's still in the modernisation bill and what are its key points?
Argentine Senate backs Milei labour overhaul amid protests and political rift
Argentina’s Senate approved President Javier Milei’s labour reform bill in the early hours of February 12 after a lengthy debate marked by last-minute amendments, political bargaining and clashes between protesters and police.
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
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