Renault and SMATA agree on bank of hours in Córdoba; government claims victory

Renault and the SMATA union reached a 'bank of hours' agreement covering 1,200 workers in Córdoba, under Argentina's Labor Modernization Law. The scheme allows overtime to be exchanged for free days, aiming to avoid suspensions. The government, via Minister Sandra Pettovello, celebrated the deal as a policy win, though its broader labor-market impact remains uncertain.