Argentina’s main business organizations react to profit-sharing with unions

Tuesday, October 26th 2010 - 05:07 UTC

Full article 8 comments

Argentina's top business groups on Monday openly reacted against legislation backed by the country's largest trade union group that would require companies to share 10% of their annual net profits with employees. Read full article

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Hoytred
Allowing the Unions to take too much power is a recipe for disaster ..... Argentina needs a 'Maggie' to sort them out!
Oct 26th, 2010 - 05:49 am - Link - Report abuse 0
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Sparticus
No doubt Comrade Chav will be on the next Aeroflot flight from Caracus to offer words of advice of how the Socialist Utopia can save the country.
Oct 26th, 2010 - 06:23 am - Link - Report abuse 0
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WestisBest
Funny isn't it, Argentina is always a few years behind everyone else but seem to be incapable from learning from others mistakes, are they all blind?
Oct 26th, 2010 - 10:40 am - Link - Report abuse 0
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xbarilox
Why?
Oct 26th, 2010 - 02:08 pm - Link - Report abuse 0
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WestisBest
Because Trade Unions that have the clout to dictate how an industry is run is not a good idea. Protecting employees rights is of course laudable, forcing absurd redistributions of a business's income is not.
Oct 26th, 2010 - 04:18 pm - Link - Report abuse 0
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atk357
A big Union is not good for Argentina. Yeah! Hoytred is correct...they need a Maggie to sort them out. They will never learn from the past. Well, one is gone...who is next!
Oct 27th, 2010 - 04:10 pm - Link - Report abuse 0
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jerry
After today´s announcement of Nestor Kirchner´s death, stay tuned for the flexing of the muscles of a powerful union leader of Argentina. He may even want to try to be the next president, in 2011.
Oct 27th, 2010 - 08:18 pm - Link - Report abuse 0
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WestisBest
Can't see that, he's a Union Man so he'll want to have all the influence but take no responsibility, he'll keep his head down but 'support' some puppet for the presidency who'll take all the flak.
Oct 28th, 2010 - 04:29 pm - Link - Report abuse 0
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