Argentina's Senate Approves Milei's Labor Overhaul, Signaling Investor-Friendly Shift

The reform, which passed with 42 votes in favor, 28 against, and two abstentions, is presented by the government as a measure to strengthen investor confidence, spur investment, and create formal jobs. However, labor unions have voiced strong opposition, arguing that the reform weakens worker protections, including the right to strike.

The bill's passage represents a significant legislative win for Milei's administration.