Spectator on facebook

Spectator on facebook

President vetoes Collective Bargaining Bill

THE COLLECTIVE bargaining law, which the ruling Smer party passed in parliament amid criticism from employers, was not signed into law. President Ivan Gašparovič returned the law to parliament without his signature, saying that he believes the amendment threatens the existence of firms and jobs, the Sme daily reported.

THE COLLECTIVE bargaining law, which the ruling Smer party passed in parliament amid criticism from employers, was not signed into law. President Ivan Gašparovič returned the law to parliament without his signature, saying that he believes the amendment threatens the existence of firms and jobs, the Sme daily reported.

The President said higher-level collective agreements should not apply to firms with fewer than 50 employees. The parliament-approved amendment stipulates that the agreements will not be applicable to firms with fewer than 20 employees. The head of state referred to European legislation, which defines a business with 20-50 employees as a small enterprise.

The Labour Ministry, which authored the law, said that it would take a stance on the matter later, Sme reported.

Employers' associations, foreign chambers and the political opposition hailed the president’s decision.

Source: Sme

Compiled by Michaela Terenzani from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

Cloud computing becomes a standard

External servers are now much more secure than local business ones, according to experts.

Slovak firms have their eyes on the cloud.

Slovaks drink less and less

Behind the decline in alcohol consumption is, for example, the abandoning of the habit of drinking at work – typical especially during communism, according to an expert.

Kiska: Even Europe has its aggressive neighbour

President Andrej Kiska addressed UN commenting poverty, instability and climate change.

President Andrej Kiska

Arca Capital enters the banking sector

Czech and Slovak financial group acquires a majority share in Austrian private bank Wiener Privatbank.

Bank, illustrative stock photo