BRUSSELS (Reuters) - The European Union should modernise labour laws to meet the economy's need of greater flexibility, but also seek to maximise worker protection, the European Commission will say this week. In a report on what the EU should do to boost jobs and achieve sustainable growth, the EU executive advocates a combination of flexibility and security, or "flexicurity," to help the European labour market take on the double challenge of fierce Asian competition and an ageing society. "Rapid technological progress, increased competition stemming from globalisation, changing consumer demand and significant growth of the services sector have shown the need for increased flexibility," the report, to be adopted by the Commission on Wednesday, said.
In a report on what the EU should do to boost jobs and achieve sustainable growth, the EU executive advocates a combination of flexibility and security, or "flexicurity," to help the European labour market take on the double challenge of fierce Asian competition and an ageing society.
"Rapid technological progress, increased competition stemming from globalisation, changing consumer demand and significant growth of the services sector have shown the need for increased flexibility," the report, to be adopted by the Commission on Wednesday, said.
