Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Top News
Top News

Argentina Cuts 15,000 State Jobs Amid Economic Overhaul

State workers, some who have been laid off, gather outside the Ministry of Human Capital and Health, in Buenos Aires, Argentina, Wednesday, April 3, 2024. According to the State Workers Association, m

Argentina announced the dismissal of 15,000 state jobs as part of President Javier Milei's efforts to reduce spending and reform the public sector. The move is seen as a significant step in Milei's campaign promise to streamline the government and tackle the country's economic challenges.

Presidential spokesperson revealed the job cuts, emphasizing the need to trim state expenses and eliminate redundant positions that burden taxpayers. The decision has sparked protests from affected employees, with demonstrations outside government buildings in Buenos Aires and nearby cities.

Workers from various ministries and state agencies, including the National Institute Against Discrimination, have been impacted by the layoffs. The job cuts come amidst a series of austerity measures implemented by Milei, including subsidy reductions, budget balancing efforts, and currency devaluation.

However, the economic reforms have also led to increased inflation, making it harder for many Argentines to cope with rising prices. The layoffs have further exacerbated the financial strain on affected individuals and their families.

15,000 state jobs cut to reduce expenses and eliminate redundant positions.
President Milei aims to streamline government and address economic challenges.
Protests erupt as affected workers demonstrate against layoffs in Buenos Aires.
Austerity measures include subsidy reductions, budget balancing, and currency devaluation.
Layoffs impact workers from various ministries and state agencies.
Economic reforms lead to increased inflation, adding to financial strain on citizens.
Fired workers vow to fight for their jobs, unions threaten mass strike.
Analysts warn of potential clashes jeopardizing Milei's zero budget deficit goal.

Despite the challenges, fired workers remain defiant, vowing to fight for their jobs and protesting against what they perceive as unjust dismissals. Trade unions have threatened a mass general strike in response to the government's actions.

Analysts warn that the confrontations between the government and unions could jeopardize Milei's goal of achieving a zero budget deficit by the end of the year. Balancing the need for fiscal discipline with social stability presents a delicate balancing act for the administration.

As tensions escalate, both sides are preparing for further clashes, with the outcome likely to shape the trajectory of Argentina's economic reforms and social welfare policies in the coming months.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.