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Formal Job Losses Deepen in Argentina as Companies Announce New Layoffs

SMEs bear the brunt of a recovery concentrated in capital‑intensive exports with limited hiring.

Overview

  • Official records show 21,046 fewer employers and 272,607 registered jobs lost between November 2023 and October 2025, concentrated in small and mid‑sized firms.
  • SIPA data for October 2025 report a monthly drop of 17,900 registered private jobs with steep year‑on‑year declines in construction and textiles near 15% and notable falls in metalworking and services.
  • A new round of corporate downsizings in late 2025 and January 2026 puts roughly 2,292 positions at risk, including Lácteos Verónica (about 700 affected, 200 dismissal filings), TN & Platex (closures and suspensions across provinces), and sector cuts spanning retail, packaging, and inputs.
  • Recent company actions include Mercado Libre layoffs in Argentina, the closure of Lamb Weston’s Munro plant with about 100 redundancies, Farmacias Dr. Ahorro store shutdowns affecting roughly 90–110 workers under conciliation, Sealed Air’s 65 dismissals, and Lustramax reductions sought via a crisis filing.
  • Informalization is rising with about 159,000 new monotributistas in two years and informal salaried work at roughly 38.5%, as analysts cite a divergence between GDP gains and continued erosion in registered private employment.