Labour law reforms imperative for business growth -EFC
If Sri Lanka is to remain relevant in a highly competitive global market, labour law reforms are imperative for business growth which in turn will create resilient and sustainable organizations opined The Employers’ Federation of Ceylon (EFC) Director General, Vajira Ellepola.
“Our current labour law is essentially the same as what existed a few decades ago, regardless of substantial socioeconomic changes that have taken place in a highly competitive global environment,” EFC’s DG remarked. He highlighted the importance of proceeding with labour law reforms which are critical for investment promotion.
He made these observations when (EFC) was recently invited for a series of meetings with political representatives of the Parties in the Opposition, Prime Minister Dinesh Gunawardena, Bar Association, representative of the officials of state enterprises and trade unions and the Executive Council to discuss labour law reforms to be introduced through the proposed Employment Act.
The EFC led the private sector which was represented by several business chambers at these meetings. EFC’s DG reiterated that the private sector had made submissions to successive governments calling for labour law reforms. Despite the fact that such regimes have also declared their intention to reform the existing law, they lacked the political will and conviction to realise those reforms to benefit all stakeholders, he averred.
The objectives of labour law reforms were broadly summed by the EFC during these discussions to include promotion of investment, creation of new and better job opportunities, strengthening social security and creating an enabling environment for employees and employers to realise the full potential of information and technology driven modern world of work.
To achieve these objectives, several key changes were mooted by the EFC. While transforming the labour law to embrace the changes in the modern socio-economic fabric, the EFC also called to recognise the influence of the digital transformation of the world of work, and urged for a dynamic private sector-driven economic growth for the national economy to remain competitive and sustainable.
“it is important to address labour law reforms on a priority basis to permit greater flexibility of enterprises to attract investment which in turn will generate employment” observed Ellepola who tabled the proposals under three main pillars of laws relating to the termination of employment,
conditions of employment and laws relating to industrial/labour relations. He also drove home the message that in the Sri Lankan context if economic reforms are to yield optimum results, they should be complemented by administrative, legal and educational reforms.
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