Mar 10 • 19:20 UTC 🇦🇷 Argentina La Nacion (ES)

The industry lost 160 jobs per day since Milei's administration, according to a UBA report

A recent UBA report indicates significant job losses in the Argentine industrial sector, averaging 160 jobs daily since Javier Milei took office.

According to a report by the University of Buenos Aires (UBA), the Argentine manufacturing sector has experienced alarming job losses, with approximately 100,000 positions eliminated since the beginning of Javier Milei's government in November 2023. This translates to an average of 160 jobs lost per day, highlighting the sector's struggles under the new administration. The study emphasizes the rapid decline in employment and its potential economic ramifications, shedding light on the pressing issue of workforce stability in Argentina.

The report raises concerns about the future of the manufacturing industry, which has historically been a crucial part of Argentina's economy. The findings point toward a broader economic context where industrial job losses could have cascading effects on the national economy, affecting not only the workers but also families and local businesses dependent on a thriving industrial sector. Given that these losses are happening so soon after Milei's administration began, stakeholders are keenly observing governmental policies that may further impact the industrial landscape.

In conclusion, the UBA's findings serve as a stark reminder of the challenges facing Argentina's industrial sector within the current political and economic climate. As the government navigates through its policy changes, the focus will be on how these shifts can either mitigate the losses or exacerbate the existing crisis, ultimately shaping the employment dynamics within the country.

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