The deep recession affecting the Argentine economy is directly impacting employment. Between December 10, 2023, and July 4, more than 38,000 crisis prevention procedures were filed, 40% more than in recent years.

Companies use this mechanism to try to avoid layoffs, yet despite these efforts, 144,000 private sector jobs were lost in eight months.

Due to plummeting sales and production, more companies are making decisions regarding their personnel. Some are advancing vacations, partially suspending or laying off staff, while others are initiating crisis prevention procedures with the Labor........

© Buenos Aires Herald