Summary of the new proposed labor reform

[Cheap Bastard]

https://www.batimes.com.ar/news/argentina/milei-government-eyes-criminal-and-labour-reform-in-key-week.phtml

 

[ben]

‘More exploitation, fewer rights’: Argentina braces for sweeping overhaul of labor laws

Javier Milei’s boosters say law will revive employment, but critics decry cuts to severance and longer working hours

www.theguardian.com

 

[CraigM]

Another great thread for a foreigner like me with no on-the-ground knowledge. I gained a lot of insights here into how Argentina's economy actually works (or doesn't 🙂) and why companies are so desperate to exit despite Milei's reforms.

 

[Betsy Ross]

Another great thread for a foreigner like me with no on-the-ground knowledge. I gained a lot of insights here into how Argentina's economy actually works (or doesn't 🙂) and why companies are so desperate to exit despite Milei's reforms.

Even living here over 12 years I always learn something new on this forum. Love it! Craig trust me even if you live here this is a crazy country and you will never cease to be amazed by this crazy country.

 

[Wally]

Another great thread for a foreigner like me with no on-the-ground knowledge. I gained a lot of insights here into how Argentina's economy actually works (or doesn't 🙂) and why companies are so desperate to exit despite Milei's reforms.

I don't think many foreign companies understand how things work here. Most of the times they think they will be different but they don't get enough guidance before entering here. My wife's family owns 6 different companies and there are boom and bust cycles. Their great grandparents started them but they always laugh when they see foreigners purposely choose to come here.

The fact that many of these foreign companies can't get bought by another international company. They almost always have to end up selling for bottom dollar just to get out of Argentina. That is why there is so much negative FDI with Milei. Many have used Milei to exit and local companies bought them.

 

[Dick]

I am absolutely flabbergasted reading this. Till now, I thought it was just the taxes and economy that were pushing foreign companies away from investing in Argentina, but with such laws (and more), I now know it is insanely expensive for companies to do business and maintain offices here.

Just insane! Are there examples of other countries with similar rules? I never heard of such paid leave rules.

Why do you think all of these to the left are so depressed and crying. Cry me a river. No one likes to work here. I got a quote to paint my new place and the guy was 2 days late showing up. Then he said he couldn't start it until end of February. I asked if he was too busy. He said he was going on vacation for the month. 😳