Argentina's Congress approves sweeping labor reform. President Javier Milei's "labor modernization law" fundamentally reshapes employment regulations, allowing working days up to 12 hours, reducing severance pay, and limiting strike rights. The 218-article bill modifies salary calculations, eliminates overtime pay for extended shifts, and grants fiscal benefits to employers registering workers. Severance payments now exclude bonuses and vacation pay, with caps at three times average salary. Companies gain direct wage negotiation authority with employees and can tie compensation to productivity or pay in foreign currency. Essential sectors including telecommunications, hospitals, and aviation must maintain 75% operations during labor actions. Workers need permission for workplace union assemblies, with penalties for disrupting non-participating employees.
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