Today
November 30, 2017

Argentines protest against austerity

Argentines have mounted a massive protest against President Mauricio Macri’s "regressive" approach to taxes, pensions and labour law.

Organisers say more than 300,000 people have turned out for a demonstration outside the Argentine Congress against President Mauricio Macri’s “regressive” approach to taxes, pensions and labour law.

The government seeks to justify imposing austerity on the grounds that “business-owners in the rest of the world demand it” as a condition for investing in Argentina, leftist MP Nicolas Nunez told EFE.

He said that Macri’s proposal to overhaul labour law would “diminish the historic rights of Argentine workers” in the interest of guaranteeing profits for employers.

The administration’s plan envisions cutting corporate taxes, reducing severance payments and allowing firms to substitute time off for extra money in compensating workers for overtime.

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