Argentina’s Chamber of Deputies passes controversial labour reform bill

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Argentina's Chamber of Deputies narrowly passed a controversial labor reform bill after a 12-hour session, marking a significant win for President Javier Milei. The bill, approved despite a national strike, aims to modernize the labor market by easing hiring and firing processes for companies. Key provisions include limits on severance pay, extended workdays, and reduced holiday time. Supporters argue the reforms will boost productivity, attract investment, and formalize the informal workforce through tax incentives. The bill is expected to become law after Senate review, though business leaders are divided on its potential impact on employee certainty and hiring rates.
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