Is Labour Reform Still In Argentina's Sights?

As Argentina tries to enact labour reform, it looks to its neighbour. Searching for improved competitiveness in 2017, Brazil enacted bold changes in labour legislation, looking to increase the freedom to employ and be hired on a contract basis - and putting Argentine companies on alert.

Labour costs are a major issue in Argentina, leading to much informal employment and instability in the market. The OECD's multi-dimensional economic survey, released in July 2017, praised Argentina for undertaking a bold turnaround in policies, helping to stabilise the economy and avoid another crisis. But it also urged the country to build on that progress to help lay the foundations for raising the material living standards and wellbeing of all Argentinians.