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Friday, October 28, 2016

Ulyukayev proposed to facilitate the dismissal of workers and to raise the retirement age

The Minister of economic development of Russia Alexei Ulyukayev published an article in the newspaper “Vedomosti”. In it, he described the current economic situation in Russia and proposed measures to enhance GDP, one of which is to simplify the procedure of dismissal by employers of their employees.

photo: Natalia Gubernatorova

According to the Minister, at the moment, unemployment in Russia is close to its natural for the domestic economy to the level of 5.5%. However, economic growth must be reduced even more — up to 4-4,5%. Ulyukayev believes that this can be achieved by increasing the flexibility of the labour market”.

Read how the speaker has found in Moscow a good cheese.

Among the measures he calls for facilitating access to preschool education when moving, creation of conditions for such a move to a new place of work and the removal of administrative obstacles to access to social services”.

While the speaker list and some of the more painful steps. The objective is to facilitate the dismissal of workers by the employer and “extend the practice of concluding fixed-term labour contracts”. Due to this is assumed to increase labour mobility.

The Minister also insists on the need to raise the retirement age to 63-65 years, and explains it is not economic considerations from the Pension Fund, and the need to maintain labour market of qualified personnel — “extension of the active productive life of future pensioners”.

These measures, along with purely financial mechanisms should, according to the speaker, “to ensure the growth potential of the economy with long and stable dynamics”.

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