The Argentine Senate is set to pass the labor reform bill pushed by President Javier Milei's government, a key initiative to boost job creation. The ruling coalition and allied blocs have secured an agreement, ensuring 42 votes in favor. The government made concessions with governors to scrap the profit tax reduction and with the CGT union federation to preserve its funding system. Key points of debate included the transfer of labor justice to Buenos Aires, restricting salary payments to banks, and capping union dues. Senator Carolina Losada (UCR) stated the law will lead to 'more investment, more companies, and better pensions.' However, opposition Senator Mariano Recalde criticized the bill, calling it a return to the '1929 labor code' and claiming it 'is not designed to generate jobs'.
