Parliamentary head: Moldova to phase in wage guarantee fund amid EU accession talks
The Republic of Moldova will request a transitional period from the European Commission to establish a safeguard mechanism for employees in the event of corporate insolvency. While such special funds are mandatory across EU member states, Moldova requires several years to build the necessary institutional infrastructure.
Marcel Spatari, Chairman of the Parliamentary Commission for European Integration, announced the move during a broadcast on Radio Moldova. He emphasized that creating this safety net involves either founding a new agency or empowering an existing one to manage the fund.
The cost of labor stability
The proposed mechanism will require companies to contribute to a guarantee fund, ensuring that staff receive compensation if a business fails. However, establishing the legal framework and collecting the necessary capital is a multi-year process that requires careful economic balancing.
"We currently lack this mechanism and are requesting a transition period from the European Commission to implement it at a later stage," Spatari explained. He noted that EU negotiations allow for flexibility in market-related areas, provided there is a clear commitment to eventually adopting all Common Market rules.
Harmonizing with the Single Market
The Action and Solidarity Party (PAS) deputy underlined that full transposition of EU norms is inevitable. To participate in the European Single Market, Moldova must eventually ensure the same "rules of the game" for both businesses and workers as seen in current member states.
Translation by Iurie Tataru
