Labour Market Reforms

Labour market reforms are policies implemented to improve market flexibility, competitiveness, and efficiency. They often involve changing laws related to employment contracts, wages, hiring and firing rules, and workers’ rights. The goal is to make the labor market more adaptable to economic changes, encourage job creation, and reduce unemployment. These reforms can include relaxing restrictions on layoffs, adjusting minimum wages, or simplifying hiring processes. While intended to boost economic growth, they often involve balancing workers’ protections with businesses’ needs for flexibility.