Argentina’s new president fires 5K government workers
OAN’s Abril Elfi
11:20 AM – Wednesday, December 27, 2023
Argentinian President Javier Milei to Cut Thousands of Government Jobs
Argentinian President Javier Milei has announced that he will not be renewing the contracts of thousands of government employees.
On Tuesday, the Libertarian’s office announced that his administration would not be renewing the contracts of 5,000 government employees hired before Milei took office.
The move is a part of his plan to transform Argentina’s struggling economy.
According to officials, contracts for other government workers hired before 2023 will be examined. It appears that the 2023 deadline is intended to combat the custom of departing presidents inflating their final year’s salary.
With an estimated 200% inflation rate by year’s end, Milei has promised to cut back on payrolls and regulations while permitting the privatization of state-run businesses in an effort to increase investments and exports.
The new cutbacks have caused many protests, but Milei stated that he will continue to “rebuild the country.”
“The goal is (to) start on the road to rebuilding our country, return freedom and autonomy to individuals and start to transform the enormous amount of regulations that have blocked, stalled and stopped economic growth,” he said.
About 300 of the previously announced changes would weaken consumer, employee, and renter protections and target numerous government-owned businesses for privatization.
The actions include closing certain government ministries, slashing energy and transportation subsidies, and devaluing the Argentinean peso by 50%. They coincide with both rising rates of poverty and inflation.
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What are the reasons behind Argentinian President Javier Milei’s decision to cut thousands of government jobs?
Argentinian President Javier Milei to Cut Thousands of Government Jobs
Argentinian President Javier Milei has made an announcement that has sparked controversy and protests across the country. He has stated that he will not be renewing the contracts of thousands of government employees, as part of his plan to transform Argentina’s struggling economy.
This decision, made by the Libertarian president, has raised concerns and opposition from various groups. The move aims to reduce government spending and increase efficiency, as Milei believes that the bloated public sector is hindering economic growth.
The contracts of 5,000 government employees who were hired before Milei took office will not be renewed, according to his administration. This decision is expected to have a significant impact on these employees and their families, as they now face unemployment in a country already grappling with high poverty rates.
Milei’s plan to transform Argentina’s economy includes cutting back on payrolls and regulations, as well as allowing the privatization of state-run businesses. His administration believes that these measures will attract more investments and increase exports, ultimately leading to economic growth.
However, the decision to cut thousands of government jobs has been met with strong opposition and protests. Many argue that these measures will only exacerbate the already dire economic situation in the country. Critics claim that the move will weaken consumer, employee, and renter protections, and will disproportionately affect lower-income individuals and families.
The administration has also stated that contracts for other government workers hired before 2023 will be examined. This suggests that more job cuts could be on the horizon, causing further concern and uncertainty for government employees.
Milei’s decision to cut government jobs comes at a time when Argentina is grappling with high inflation rates. The country is expected to experience an estimated 200% inflation rate by the end of the year. In response, the president has vowed to tackle inflation and boost the economy through these controversial measures.
Despite the backlash and protests, Milei remains determined to rebuild the country. He believes that these measures are necessary to restore freedom and autonomy to individuals and to address the excessive regulations that have hindered economic growth in the past.
The future of Argentina’s economy remains uncertain as these changes take effect. It is clear that President Javier Milei’s decision to cut thousands of government jobs has sparked a heated debate about the best course of action to revive the struggling economy. Only time will tell if these measures will indeed lead to the transformation and growth that the administration envisions.
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