Overview

• The sector has shed an average of 1,000 to 1,500 jobs per month since March, with employment levels plateauing since April
• Mining, pharmaceuticals and automotive show early gains while construction, leather, footwear and metalworking remain 15–25% below 2022 output
• Companies are increasingly using temporary suspensions and partial salary agreements to manage high operational costs in the face of stagnant demand
• The UIA identifies the contraction in domestic consumption as a more significant factor than import openness in driving job losses
• Unión Industrial Argentina is urging the government to enact urgent labor and tax reforms to reduce cost distortions and restore competitiveness