Argentina:
Government moves to reduce budgetary expenses and unemployment
The Government issued a decree in June that will limit the amount of overtime workers may undertake to 30 hours per month and 200 hours per year. The previous limits - 48 hours and 320 hours respectively - had been in force since 1979. The aims of this decree are both to help reduce the Government's budget expenses and to reduce over-employment in the private sector by encouraging employers to hire more people and thereby reduce the rate of unemployment (13.8% in October 1999).
Government employees will be affected by this decision which comes on top of salary reductions being implemented in June 2000; the combined effect of these two measures is expected to meet considerable opposition (and possibly industrial action) from Government unions.
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