The Minister of Economics, Luis Caputoreceived the dome this Tuesday in the Palacio de Hacienda Argentine Industrial Union (UIA). The meeting came amid the sector’s concerns over the decline in industry activity, the growth of imports and an increasing rate of layoffs.
Caputo, accompanied by the coordinating production secretary, Pablo Lavignemet with the President of the UIA, Martin Rappalliniand the dome of the production facility. There were those on the industrial side Eduardo Nougués (Secretary), David Uriburu (Vice President for Industrial Development), Rodrigo Perez Graziano (Sector Vice President) and Modesto Magadan (Regional Vice President).
“We talked about labor reform, the importance of formalization and investment. We agree to repeat it regularly and by working together to continue reducing Argentine costs and making our industry more competitive every day,” wrote the Minister of Economy in a post published on his X account.
In recent weeks there have been increasing concerns in the industry due to the decline in activity. Was Paolo RoccaPresident of Techint Groupwho spoke about three factors that influence the value chain Holding company: A subdued domestic consumption, The tariffs imposed by the United States and the import printing, especially those that come from China.
The businessman celebrated sending the labor reform project to Congress but complained to the government a “smarter” opening of the economy and assured that Asian giant’s ‘predatory’ attitude creates ‘fear’ among industrialists. The president of the Libertad Avanza bloc in the Senate and former security minister listened to him on stage, Patricia Bullrich.
The latest data from Index They showed that through September the industry was 4.1% below December 2024 levels and 4.4% below November 2023, before the presidential inauguration Javier Milei.
The latest UIA report with October data showed this to be the case at cumulative levels Industrial activity still remains at the same level as at the end of 2024 and around 10% under 2022 and 2023. “Along with a high sectoral heterogeneity within the industry, with only two sectors recovering compared to the same cumulative period of 2022: those linked to oil refining and motorcycle production,” the manufacturing company would have noted.
A survey released by the company last week found that four in 10 companies reduced production and that layoffs remained at their highest level in recent years. 711 companies of different activities, regions and sizes took part in the survey between October and November.
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