Labour Code

Nine out of ten German investors in Lithuania are happy with their choice to invest in the country, although many believe that the government could do more in areas like labour law and professional training, according to a survey by the German-Baltic Chamber of Commerce (AHK).

The Lithuanian parliament is resuming discussions of the so-called new social model, a package of reforms to the country's Labour Code and welfare system.

Additions to the Labour Code reform package proposed by the parliamentary Committee on Social Affairs and Labour have "unbalanced" it, say employer representatives, accusing lawmakers of "radical populism".

The Lithuanian labour code is outdated and is constantly drawing criticism from both foreign investors and international organisations, the Investors' Forum said yesterday.

Members of the parliamentary Social Affairs and Labour Committee have divergent views on whether the new Social Model - an extensive package of Labour Code and welfare reforms - will make the labour market more flexible, as is the stated purpose of the package.

Prime Minister Algirdas Butkevičius has promised to personally meet with teachers’ union representatives who are planning to start an open-ended strike today, after statements by the vice-chancellor of the government claiming the strike action may be illegal deepened the crisis.

High-earners should have more latitude to negotiate employment terms with their employers, a Lithuanian parliamentary committee has decided.

The majority of foreign companies operating in Lithuania no longer consider Lithuania a low labour cost country, according to a new survey from the Investors’ Forum Lithuania.

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.

Foreign investors in Lithuania have started the year optimistically, with most expecting to increase profitability and hire more staff.

The Parliamentary Committee on Social Affairs and Labour is working out the final details of the social model package that would liberalise labour laws and reform the Sodra pension scheme, said Kristina Miškinienė, the head of the committee, on Žinių Radijas.

This year's World Economic Forum in Davos will focus on the next wave of innovation, but are Lithuanian politicians ready to embrace new opportunities and give up unnecessary regulations, asks economist Rūta Vainienė.

This week, the Seimas Committee on Social Affairs and Labour deliberated on changes to the Labour Code and approved the majority of new types of labour contracts that were proposed. The committee also approved a new maximum overtime amount of 180 hours per year and ensured that these would be paid f...

Prime Minister Algirdas Butkevičius hopes that the Lithuanian Parliament will adopt the new social model, a package of Labour Code and welfare system reforms, in its spring session which commences in March.

President Dalia Grybauskaitė is critical about the so-called social model, an ambitious Labour Code reform undertaken by the current government. The package of laws was drafted and submitted to parliament last year, but has yet to be adopted.

Prime Minister Algirdas Butkevičius says the euro introduction, power interconnections with Poland and Sweden, and reforming the Labour Code are Lithuania's three biggest achievements of 2015. He also reviews the country's future plans for 2016 on TV programme Alfa Savaitė.

After a meeting with Parliament Speaker Loreta Graužinienė, Prime Minister Algirdas Butkevičius has said that the Lithuanian parliament's autumn session could be extended to adopt the new social model.

New proposed amendments to the Labour Code of Lithuania suggest that the minimum monthly wage should not be lower than half of the previous year's average wage, which is estimated and announced by Statistics Lithuania.

Lithuania's Liberal Movement re-elected the party's current leader Eligijus Masiulis for another term in the position during the party congress on Saturday.

The Lithuanian Parliament has begun considering legislative amendments that would peg retirement to average life expectancy. It has been proposed that two years after the average projected life expectancy of people aged 65 years grows by six months, the retirement age would be raised by six months a...