Argentina launches voluntary retirement plan to cut state workforce by 20,000

The Argentine government announced a voluntary retirement plan aimed at employees nearing retirement, targeting a reduction of 20,000 state workers, which would shrink the workforce by 25% over three years. The plan is part of broader fiscal consolidation efforts, but its success depends on voluntary uptake and could face political resistance from unions. This marks a significant step in the government's austerity agenda, with implications for public-sector employment and fiscal policy.