Lithuanian MPs suggest that businesses should share 25% of profits with employees

DELFI / Valdas Kopūstas

The proposal was put forward by MP Vytautas Matulevičius and states that employers should use at least 25% of their profits for employee compensations.

Rūta Skyrienė, a representative of Investors Forum, an employer association, has criticized the proposal as nonsensical.

Meanwhile Nerijus Kasiliauskas, representing labour unions, says it is a political proposal with consequences that are hard to predict.

The proposal passed a vote at the Committee on Social Affairs and Labour on Wednesday, but will have to pass a plenary vote.

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