Argentina's Congress Approves Labor Reform Extending Work Hours and Modifying Employment Rules

Argentina's Congress approved a comprehensive labor reform bill championed by President Javier Milei, introducing changes such as extending the maximum workday from eight to 12 hours without overtime pay, reducing severance pay calculations, and allowing salaries to be paid based on productivity or in foreign currency. The reform also limits the right to strike by requiring essential services to maintain operations. Supporters view the law as boosting investor confidence and advancing market-driven policies, while unions oppose restrictions on strikes and express concerns over impacts on pension funds.