Labour market

A radical transformation of the education system in Lithuania is needed to narrow the wage gap between Lithuania and other European countries, according to Rokas Grajauskas, chief economist for the Baltic countries at Danske Bank, writing in Lietuvos Žinios.

IT specialists will continue to be the most sought-after employees in Lithuania to 2020 and beyond as skills shortages continue in the key sector.

Lithuanian President Dalia Grybauskaitė is somewhat sceptical about the so-called new social model, a package of reforms to the labour code and the country's welfare system.

Unemployment increased in Lithuania in December as it fell across the eurozone, according to the latest figures from Eurostat, the EU statistics agency.

IT specialists will continue to be best-paid professionals in Lithuania's labour market in 2016. Such is the demand for their skills that they are often able to demand salaries comparable to those in Western Europe - and employers comply.

A new survey, commissioned by the Lithuanian Real Estate Development Association and carried out by the Labour and Social Research Institute, shows that as Lithuania's population continues to shrink, labour force shortages might be one of the country’s biggest challenges within a decade.

The Tripartite Council - consisting of representatives of the Government, employers and employees - has reached an agreement that the minimum monthly wage would be raised to EUR 350 on 1 January 2016.

Around one thousand people attended a rally outside the parliament in central Vilnius on Thursday, protesting against the government's planned liberalization of the Labour Code. Rally organizers say the reform will reduce certain guarantees for workers.

On Thursday, 10 September, Lithuania's trade unions are organising the largest rally since the 2008 financial crisis. The event is to take place outside the Lithuanian Parliament in Vilnius. Approximately 2,000 people will protest against the planned labour code reforms, the so-called new social mod...

A third of Lithuanians would exchange guarantees at work for a higher salary, shows a poll commissioned by DELFI. Economists say this is nothing out of the ordinary, as people want compensation, while others say this indicates poverty of the working population.

Lithuania is often described as a country where potential investors are put off by a tax system inherited from the Soviet times and inflexible labour code. Still, the new social model, currently in the works and promised to provide more flexible employer-employee relations, have received a fair deal...

If they were able to choose the chief of the company they work for, only every thirtieth Lithuanian would like to be led by another Lithuanian, while every third of them would like their chief to be someone from a Western country, a poll conducted by cvmarket.lt reveals.

What should Lithuania make of the European Union’s intention to distribute refugees, who are coming in droves to Italy and Greece, among all member states? Economists at the Baltic Investors Forum discussed whether these people could help solve the country's labour force shortage.

Salary and various bonuses are the key motivating factors for workers in Lithuania, a survey has revealed. They care less about career opportunities, relations with co-worker, self-expression, etc.

The Lithuanian government on Tuesday endorsed a new social model aimed at liberalizing labour relations and revamping the Sodra pension system. The package of draft laws will soon be sent to the parliament for approval.

The number of work permits issued to foreigners in Lithuania in 2014 increased by 6.9 percent year-on-year, to 5,400, including 3,200 work permits issued to Ukraine’s nationals and 1,500 permits issued to citizens of Belarus, according to the latest report on the implementation of Lithuania’s migrat...

Technologies are inevitably changing the global labour market and will wipe out certain professions. Global trends and technological development will also change Lithuania’s labour map, which may result in a shorter working week, Nerijus Mačiulis, an economist with Swedbank Lithuania, forecasts.

Lithuania's parliament will probably run out of time in the spring session to discuss the new social model involving a series of controversial proposals for more flexible labour relations, Parliamentary Speaker Loreta Graužinienė said on Wednesday.

The Lithuanian government on Friday approved in principle a draft social model, which is meant to liberalize labour relations and reorganize the system of social insurance.

Nerijus Mačiulis, chief economist at Swedbank Lithuania, says that although Lithuania's economy contracted by 0.6 percent in the first quarter of this year, such an economic stumble nevertheless did not halt job creation or growth of wages: the number of employed people rose by 1.7 percent in a year...