Sri Lanka’s new employment bill threat to workers
View(s):The new Employment Bill is set to terminate the Board of Investment (BOI) allow for the privatisation of free trade zones and is likely to render the Labour Department ineffective in future. Unions say the bill only seeks to promote investments and is a threat to worker rights.
The Free Trade Zone and General Service Employees Union in issuing a media release has stated that the bill for the National Policy on Economic Transformation gazette on May 10 and issued on May 14 provides for the abolishing of the Board of Investment – Sri Lanka (BOI- SL) and to establish
four other subsidiary entities along with the establishment of the Sri Lanka Economic Commission.
It was noted that the cabinet paper approved by the cabinet on March 21 that provided for this draft bill was presented by the President.
It was stated that this bill “is to expand and consolidate the undisciplined freedom provided to unscrupulous investors.”
The media release also notes that the large economic space is created for “crony investors under the BOI-SL that manages free trade zones with suppressed worker rights for the benefit of crony investors”.
Further relaxing regulatory systems for “crony investments and legally permitting privatisation of even free trade ones, this bill has all the potential to render the Department of Labour ineffective in the future.”
The release also notes that: “This bill provides for a new State mechanism with power to adopt policy and relax legal restrictions on privatising state-owned businesses and also for granting of national resources to unscrupulous investors. It leads to a political decision in establishing a corrupt, authoritarian regime that serves the interests of crony capitalism.”
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