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Argentina's Macri Moves to Cut Labor Costs, Work with Unions

Argentina President Mauricio Macri is racing to cut the country's famously high labor costs in a bid to increase foreign investment, risking a confrontation with powerful unions before congressional elections later this year. Businesses say labor costs must come down before they make investments that Macri needs to restore economic growth and improve his party's clout in congress in an October vote. But trying to make labor cheaper has brought the center-right president eye-to-eye...

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