Key Points
BUENOS AIRES, Argentina (AP) Argentina said Wednesday that it had cut 15,000 state jobs as part of President Javier Mileis aggressive campaign to slash spending, the latest in a series of painful economic measures that have put the libertarian government on a collision course with angry protesters and powerful trade unions..
Presidential spokesperson Manuel Adorni announced the job cuts in a news conference, portraying them as key to Mileis promised shake-up of Argentinas bloated public sector..
Hundreds of defiant employees some notified of their termination last week and others before that stormed their workplaces in Buenos Aires and nearby cities on Wednesday, beating drums, decrying their dismissal as unjust and demanding their reinstatement..
Workers at ministries that Mileli has vowed to close, such as the National Institute Against Discrimination, along with a range of state agencies including the ministries for the economy, energy and social security received the latest layoff notices..
Determined to balance the country's budget, he has slashed energy and transportation subsidies, halted public works, cut payments to provincial governments and devalued the peso by over 50% to close the gap between the official exchange rate and the black market rate..
You might be interested in
Argentina sharply devalues its currency and cuts subsidies as part of shock economic measures
13, Dec, 23International Business News: Argentina announces a sharp devaluation of its currency, slashing it by 50% to 800 pesos to the U.S. dollar. The government also cuts energy and trans
Tamil Nadu revenue deficit to spike to Rs 49,279 crore in 2024-25
19, Feb, 24The imposition of stringent conditions on the borrowing ceiling by the Union Government has unduly restricted the ability of the State to raise resources to fund its development initiatives, Finance minister Thangam Thennarasu said.
Modi govt 'weaponising' Aadhaar to deny most vulnerable citizens their social welfare benefits: Congress
30, Aug, 23News News: The Congress on Wednesday accused the government of "weaponising" Aadhaar and technology to deny the most vulnerable citizens their social welfare ben
Association demands financing policy for coastal shipping industry in budget
30, Jan, 24Panaji (Goa) [India], January 29 (ANI): Indian Coastal Conference Shipping Association Vice President Atul Vithal Jadhav has demanded that the Union government should come up with a “financing policy” for the coastal shipping industry in the interim budget in 2024. “First we want to tell the government that first you have to do a financing […]
Argentinians stage nationwide strike against Javier Milei’s far-right agenda
25, Jan, 24Tens of thousands of marchers take to streets as schools and businesses close in protest at president’s extreme legislation
All set for Budget 2024, last under PM Modi's second term
31, Jan, 24New Delhi [India], January 31 (ANI): On Thursday, Union Finance Minister Nirmala Sitharaman will table the interim budget before the country heads for Lok Sabha polls later this year. This will be her sixth Budget as the Finance Minister and last in the second term of the Modi government. The interim budget will take care […]
Sri Lankan President Wickremesinghe presents budget; says economy not out of crisis yet
13, Nov, 23Cost of living allowances for 1.3 million state employees and pensioners to be raised. Sri Lankan President Ranil Wickremesinghe on Monday presented his government’s 2024 budget, emphasising the need for tough reforms until the full recovery of the cash-strapped island nation’s economy.
You’ve Heard of Quiet Quitting. Now Companies Are Quiet Cutting.
28, Aug, 23Layoffs are down, but employers are still finding ways to cut jobs.
Workers Demand Job Security in the Autonomous, Electrified Future of Transport
26, Sep, 23Truck drivers, auto workers, and others are fighting for the greener, smarter era of transportation to also include better pay and more protections for humans.