The Foreign Investors Council in Latvia (FICIL) has called for reforming the country’s labour laws, LSM reports. FICIL said that Latvia’s labour market faced “growing structural challenges”, which it said were “driven by demographic decline, a mismatch between labour skills and market needs, and outdated regulations.” The business lobby group called for reforms to “enhance labour market flexibility and productivity, support investment, and strengthen economic resilience.” FICIL urges to abolish “excessive protection” for trade union members and to introduce a lower universal overtime bonus rate of 50%.
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