Mar 19 โ€ข 21:40 UTC ๐Ÿ‡ฆ๐Ÿ‡ท Argentina Clarin (ES)

According to an INDEC survey, more industrialists expect to reduce their staff than to increase it

An INDEC survey indicates that more industrial leaders in Argentina foresee job cuts than increases in hiring over the next few months.

An INDEC survey highlights a concerning trend in Argentina's industrial sector, showing that more business leaders anticipate workforce reductions than increases in the upcoming months from March to May. Specifically, only 4.7% of industrial employers plan to hire more staff, whereas 16.4% expect to decrease their workforce. The majority of respondents, 71.8%, believe their employment levels will remain unchanged, signaling a cautious outlook among industry leaders.

The survey further reveals an adverse expectation regarding hours worked, with 9.6% of businesses indicating they may need to increase working hours, contrasted with 18.6% predicting reductions. This suggests that many industries are bracing for challenges that could potentially lead to layoffs or a limitation in workforce expansion, contributing to a generally pessimistic business climate.

This unfavorable employment outlook aligns with the findings from the Uniรณn Industrial Argentina (UIA), which reported ongoing declines in formal industrial employment. In December, there was a loss of 5,302 industrial jobs compared to the previous month, and in total, the sector saw a reduction of 38,971 jobs throughout the year 2025. This trend could have significant implications for the economy as it reflects broader struggles within Argentina's industrial landscape.

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