Changes to Pension System and 'Kurzarbeit' to be discussed

Changes to Pension System and 'Kurzarbeit' to be discussed

The tripartite (Government, employers and trade unions) at its first session since coronavirus hit Slovakia more than two months ago agreed to set up a commission to deal with possible changes to the pension system and to tax and payroll deductions. The commission will also discuss the introduction of short-time work (known in Slovakia by the German term 'Kurzarbeit') in the long term. This involves a regulated system in which employees are forced to accept a reduction in working time and salaries as a means to avoid redundancies.

'Kurzarbeit' has become a buzzword in Slovakia to denote one of the key measures used by certain large companies, especially with a German background, to deal with the coronavirus-induced crisis.

Romana Grajcarová, photo: tasr

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