Argentina’s ruling coalition and centrist opposition blocs in the Senate reached a deal to vote on a labor reform bill on Wednesday, starting at 11 a.m., during an extraordinary session, according to the final draft circulated in the upper house and local reporting. The revisions steered by Senate ruling bloc leader Patricia Bullrich are key to advancing the labor reform and include dropping the corporate income tax cut—preserving revenues for provinces and the federal government—concessions to unions and business chambers on mandatory contributions, maintaining the allocation to union-run health funds, and moderating the original severance fund proposal.
