Monday, March 4, 2024

Republic of Mozambique
Ministry of Economy and Finance

Republic of Mozambique
Ministry of Economy and Finance

14

LABOUR AND INVESTMENT LAWS ADJUSTMENTS TO MAKE THEM MORE ATTRACTIVE TO FOREIGN INVESTMENT

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LABOUR AND INVESTMENT LAWS ADJUSTMENTS TO MAKE THEM MORE ATTRACTIVE TO FOREIGN INVESTMENT

This measure aims to create stable and qualified jobs while promoting the transfer of skills and knowledge to Mozambican workers. It includes the establishment, for the first time in the country, of an insurance fund for cases of involuntary personnel reduction.

These adjustments will also result in the reduction of impacts on workers in the event of cyclical unemployment associated with economic cycles and will increase the resilience of companies in the event of a crisis.

LABOUR AND INVESTMENT LAWS ADJUSTMENTS TO MAKE THEM MORE ATTRACTIVE TO FOREIGN INVESTMENT

This measure aims to create stable and qualified jobs while promoting the transfer of skills and knowledge to Mozambican workers. It includes the establishment, for the first time in the country, of an insurance fund for cases of involuntary personnel reduction.

These adjustments will also result in the reduction of impacts on workers in the event of cyclical unemployment associated with economic cycles and will increase the resilience of companies in the event of a crisis.