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Argentina’s National Payroll Falls to 281,785 as Two-Year State Job Cuts Near 60,000

Analysts say private formal employment has fallen even more steeply, underscoring labor‑market fragility.

Overview

  • INDEC’s November snapshot shows 281,785 national public‑sector workers, down 785 from October and 22,322 below November 2024.
  • Cumulative losses since December 2023 total roughly 59,688 positions on an INDEC‑based count, while other analyses place the figure just over 61,000 due to differing scopes and baselines.
  • Reductions remain concentrated in the centralized and decentralized administrations, with state‑owned firms also contracting to 89,566 employees after shedding 374 jobs in November.
  • Entity‑level breakdowns highlight large cuts at Correo Argentino, Operadora Ferroviaria, ARCA, CONICET, Banco Nación and Aerolíneas Argentinas, and note the suppression of INADI, ENOHSA, INAFCI and Decahf.
  • Context from official and academic reports indicates far larger losses in private registered employment since late 2023 and a steep drop in the real minimum wage, with a labor‑reform bill expected to reach the Senate in February.