Argentina's Congress approves Milei's proposed labor reforms

Argentina's Congress on Friday adopted President Javier Milei's flagship labor reform, handing victory to the libertarian leader. The labor modernization law allows working days of up to 12 hours, reduces severance pay, limits the right to strike and lowers employer taxes, among other provisions.

Milei hailed the passing of the law, which is the centerpiece of his radical free market agenda. He insisted that Argentina's labor laws are outdated, too restrictive and discourage formal hiring. Polls showed Argentines divided on the reform, with 48.6 percent in favor and 45.2 percent against in a recent survey.