After debate with different sectors, the final version of the labor reform that will be discussed this Wednesday in Congress has 28 key modifications.The Government aims to obtain legislative approval during the special session of Congress.
In Casa Rosada they consider that they have sufficient support for the project agreed upon with sectors of the opposition to advance without difficulties towards the medium sanction and be sent to the Chamber of Deputies, where the discussion presents greater challenges.Companies, banks and the CGT were the main beneficiaries of the changes, although in some cases several points of the original reform were qualified.
The most important changes, as detailed by Walter Mañko, lawyer, partner in charge of the Labor Law and Social Security area at Deloitte;are the following:
On the other hand, Mañko pointed out which points he believes are most relevant from a business perspective:
The “best remuneration” is redefined for calculating compensation
Update of Labor Credits
New system: Labor Assistance Fund (FAL)
Funds are created to help cover separation costs and compensation obligations.
The employer contributes:
It is a separate asset: unseizable, inalienable and of specific allocation.
Simplified and digital labor registration (ARCA)
Delimitation of social benefits for the worker
Hour bank
Vacation
Sick leave.Medical board: new rules.
Incentive Regime for Job Training
RIMI: incentive for productive investments
Reduction of Social Burdens for new jobs
Priority of company agreements
Commitment to Comprehensive Tax Reform
