On 30 April, Congress approved a reform that was originally included in a decree partially suspended by the courts last December. Among other elements, it provides for the abolition of penalties for undeclared work, the extension of the trial period and the possibility for companies to create a ‘redundancy compensation fund’.
On Tuesday 30 April, Congress approved a new version of the package of measures known as the ‘Law of Bases and Starting Points for the Freedom of Argentines’. The text must now be voted on by the Senate. Although considerably reduced, the spirit of the text remains the same and aims for massive deregulation of the economy. While the initial version presented by the executive last December contained 664 articles, the text passed by the deputies contains 232, including major changes to labour law
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