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Argentina’s Senate votes on labor reforms easing strikes, cutting costs, and boosting investment amid union opposition.
Argentina’s Senate is set to vote on revised labor reforms that aim to boost formal employment and attract investment by cutting employer social security contributions, limiting strike rights, and creating Labor Assistance Funds.
The bill, backed by the government and centrist allies, removes a planned corporate tax cut and preserves union health fund contributions while capping collective bargaining fees.
Unions oppose the changes, warning of protests and disruptions to essential services, as the reforms follow massive job losses and factory closures.
The legislation is critical for maintaining international financial support, including a U.S.-backed currency deal.
El Senado de Argentina vota sobre reformas laborales que alivian las huelgas, reducen los costos y aumentan la inversión en medio de la oposición sindical.