The crisis, golden opportunity for employers (via PressEurop)
“Businesses in Europe have the upper hand. Under pressure from recession and national debt, governments are rolling back workers’ rights across the board and pushing down labour costs. The aim is to make locations for investors cheaper and therefore more attractive. “Europe is on its way to becoming an entrepreneur’s paradise – on the backs of the workers,” complains Apostolos Kapsalis of the Research Institute of the Greek Trade Union Federation, GSEE.”
What’s already clear is that the labour market reforms are not short-term measures to tackle the crisis, but are here for the long run. The cost-cutting strategies are pitting the states against each other. Low-wage countries like Croatia and the Czech Republic are being forced to make their labour markets more flexible and push their labour costs downwards to become more competitive, says the IMF.