Blog: Labor code for the 21st century

Peter Rusiňák, Policy Officer, AmCham Slovakia, explains why Slovakia's Labor Code urgently needs changes reflecting the reality of Industry 4.0 and the effects of digitalization and automated processes.

Illustrative stock photoIllustrative stock photo (Source: SME)

At AmCham Slovakia we firmly believe that Slovakia is indeed a modern and successful country from almost all economic perspectives feasible. It is no longer perceived by investors as a low-cost assembly line or a cheap venue for call centers, but rather as a destination with high value. Together with our member companies, we are convinced that the future will inevitably bring new challenges in innovation, a better prepared and highly motivated labor force, and the effects of digitalization and automated processes.

Simultaneously, these days more than ever before, we also feel the economy is not living up to its potential. The majority of global competitiveness reports and rankings have recently downgraded Slovakia's ability to promote convergence with higher-income countries.

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