Argentina's Macri kills layoff bill in first legislative challenge


  • World
  • Tuesday, 24 May 2016

Argentina's President Mauricio Macri (C) poses with workers during a visit to a General Motors plant near Rosario, Argentina, May 11, 2016 in this handout photo provided by the Argentine Presidency. Argentine Presidency/Handout via Reuters

BUENOS AIRES (Reuters) - Argentine President Mauricio Macri vetoed a bill aimed at preventing layoffs on Monday, in his first legislative clash with Congress since being elected on a pro-business platform.

Macri, who was inaugurated in December, has ordered thousands of jobs cut from state agencies and said the law would have hurt efforts at narrowing the fiscal deficit he inherited from previous leader Cristina Fernandez.

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