Argentine President Mauricio Macri has struck a temporary deal with local businessmen and some unions to suspend layoffs for 90 days. Macri's announcement of the deal on Monday comes as job cuts and high inflation rate are worrying many Argentines and Congress is in the process of approving an anti-layoffs bill that doubles severance pay and bans layoffs without cause for 180 days.
Argentina’s organized labour, picket organizations and social groups that have played a crucial role in support of the two Kirchner presidencies (2003/2011) are discontent, and growingly vocal, about their disappointment with President Cristina Fernandez lists of candidates to legislative and provincial posts in the coming October general election.