
Argentina’s main labor umbrella, the General Confederation of Labor (CGT), confirmed on Monday it will stage a 24-hour nationwide strike on the day the Chamber of Deputies debates President Javier Milei’s labor reform, hardening its stance as the bill enters the final stage of the legislative process after clearing the Senate.
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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.
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Argentina’s ruling coalition and centrist opposition blocs in the Senate reached a deal to vote on a labor reform bill on Wednesday, starting at 11 a.m., during an extraordinary session, according to the final draft circulated in the upper house and local reporting. The revisions steered by Senate ruling bloc leader Patricia Bullrich are key to advancing the labor reform and include dropping the corporate income tax cut—preserving revenues for provinces and the federal government—concessions to unions and business chambers on mandatory contributions, maintaining the allocation to union-run health funds, and moderating the original severance fund proposal.
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The shaping up of Argentine President Javier Milei's chainsaw economic politics kicked off this week with the broad approval by Congress' Lower House of the so-called Omnibus Law bill, also known for its formal name as the Bases Law: It is a fundamental step to get Argentina out of the swamp, Milei stressed on social media. The Basic Law bill has ten titles totaling 25 chapters.

Argentina lost an average of 80 companies each week in the last three years, according to a private study released in Buenos Aires Friday, which means that when President Alberto Fernández leaves office on Dec. 9, 2023, he will leave behind a country with over 12,000 fewer companies.

The leader of a U.S. congressional delegation to Mexico said that Mexico must take more concrete steps to implement its labor reform, after a trip aimed at speeding up ratification of the new North American free trade deal.