The Argentine Senate is poised to turn into law a labor reform proposal from President Javier Milei, scheduled for a vote this Friday. This reform includes substantial alterations to employer and employee agreements, particularly concerning wages, severance pay, and vacation policies. The urgency of the legislation has been heightened by Milei's request for its enactment prior to the beginning of the ordinary congressional sessions.

After three weeks of discussions, the libertarian bloc led by Patricia Bullrich has secured enough votes to ensure the reform's passage. This marks the third debate on the so-called 'labor modernization' law, which initially received preliminary approval from the Senate with 42 votes in favor and 30 against on February 12. The upcoming session is expected to maintain similar voting dynamics, and there is no indication that the vote count will change significantly.

This legislative move is indicative of Milei's broader economic agenda, aiming to revamp labor market regulations in Argentina. The exclusion of a controversial article related to medical leave salary deductions from the final version reflects public sensitivities and the need for a more conciliatory approach to labor relations. The passage of this reform could set a precedent for future labor policies and reflect the administration's commitment to reshape economic structures in the country.