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  HOME | Argentina

Argentines Mount Massive Protest Against Austerity

BUENOS AIRES – More than 300,000 people, according to organizers, turned out in Buenos Aires on Wednesday for a demonstration outside the Argentine Congress against President Mauricio Macri’s “regressive” approach to taxes, pensions and labor 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 lawmaker Nicolas Nuñez told EFE.

He said that Macri’s proposal to overhaul labor 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.

Macri’s agenda “has several faces,” including a labor initiative that aims to set workers’ rights back a hundred years, Guillermo Pacagnini, leader of the Cicop healthcare workers union, commented to EFE.

The president’s pensions proposal would “liquidate” the retirement system, while his tax plan represents a major income transfer “from the sectors who have the least to the most powerful corporations,” the union official said.

 

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