Lithuania's Tripartite Council on Tuesday failed to reach agreement on raising the minimum wage. Employers are inclined to back the government's proposal to raise the minimum pay to 420 euros. Meanwhile, trade unions want it increased to 450 euros.
Rūta Skyrienė EN
6 straipsnių
The Vilnius-based Barclays technology center, which has recently announced plans to cut the number of its staff by a third, has probably found cheaper business development opportunities, head of the Investors' Forum, uniting foreign investors, believes.
After Lithuania's parliament on Tuesday improved the new Labour Code to take effect in July, no changes are expected in the sense of flexibility of labour relations, economists say, adding that the initial ambitious plans of liberalizing labour relations has been downgraded into a reflection of the ...
Enforcement of Lithuania's new Labour Code liberalizing the labor relations will not be postponed again, says Prime Minister Saulius Skvernelis, adding that the document will take effect in July.
The elections haven’t even concluded yet, but the “Peasants” are already promising to work on the Labour Code. Meanwhile business representatives are critical of such plans, while political analysts are sceptical, believing that this is just a continuation of the electoral campaign.
