In Argentina, under the Miley government, more than 31 thousand companies and 430 thousand jobs disappeared
Quick Look
Under Javier Miley's government, more than 31,000 companies and more than 430,000 jobs have disappeared in Argentina as a result of spending adjustments in effect from 2023, including cuts in the public sector that account for 30% of all layoffs.
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Why It Matters
Javier Miley's government, which took power in November 2023, is pursuing an austerity program that includes cuts in public spending and reforms aimed at reducing inflation and the budget deficit.
Brief retelling from RIA II
Under the government of Javier Miley, more than 31 thousand companies and more than 430 thousand jobs have disappeared in Argentina.
The decline in public sector employment is due to spending adjustments that are in effect from 2023.
BUENOS AIRES, September 16 - RIA Novosti. Over 31 thousand companies and more than 430 thousand jobs have disappeared in Argentina under the government of Javier Miley, who headed the country in November 2023, Hernan Letcher, director of the Center for Political Studies of Argentina (Cepa), told RIA Novosti.
“The reduction of companies and jobs continues: more than 31 thousand companies and 430 thousand jobs (have closed),” he said, noting that this applies to the private and public spheres.
The decline in employment in the public sector, which accounts for 30% of all layoffs, is due to spending adjustments in force from 2023.
What to Watch
AI outlook — possibilities, not facts
Continued company and job cuts in the coming months
Likely · Within months
Open Questions
- Which industries have suffered the most from company cuts?
- Are there plans to create new jobs to compensate for the losses?
- How will these changes affect poverty and inequality in the country?
