Overhaul of labour market mooted – but would Czechs accept less security?

One of the most eye-catching of a raft of proposals from the government’s economic council is to give Czech bosses more flexibility in hiring and firing, including redundancies without stated grounds. But how much would this radical idea, backed by Finance Minister Zbyněk Stanjura, actually benefit the economy? I asked UK-based economist Tomáš Dvořak.

“In its core, it’s not a bad proposal, because we do have a problem with labour market flexibility.

“But having read the set of proposals from the economic council, this would probably come as my last priority. It’s not something I think is desperately needed at the moment.”

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Author: Ian Willoughby