World Economy

Macri Trying to Save Jobs

Macri Trying to Save JobsMacri Trying to Save Jobs

Argentina’s President Mauricio Macri asked business and union leaders to avoid layoffs for 90 days, as the center-right leader faces heat for thousands of jobs lost since he took office in December, Reuters reported. “We must protect Argentine jobs,” said Macri, adding that quality, value-added jobs must be created. Business-friendly Macri’s efforts to trim government payrolls have eliminated thousands of public sector jobs. The opposition estimates that up to 150,000 people could lose their jobs this year. At the same time, the opposition is trying to push a law through Congress that would guarantee generous redundancy payments and make layoffs more difficult.