Foreign investors slam Labour Code

The Foreign Investors Council (FIC), the organisation comprising the most important foreign investors in Romania, feels the Labour Code includes several restrictive provisions and has requested six issues in the normative act to be addressed as soon as possible. FIC members say the Code has had adverse effects on both employers and employees ever since enforcement. The employers find it difficult to apply certain provisions, while the employees are directly affected by the lack of flexibility on the labour market. “Considering the labour market flexibility is one of the major criteria for attaining the functional market economy status and that this year’s country report by the EU will assess the progress made by Romania so far, improving the Labour Code becomes an utmost priority,” FIC members say. ZF