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Employers called for a strategy for “intensive and qualitative growth by reducing negative externalities”, for example by focusing on the resident workforce as opposed to the cross-border workers.
UEL was upbeat about the third industrial revolution transition saying Luxembourg “has many assets” to implement it, citing the innovative spirit and reactivity of the country, for example by being early adopters of EU directives which benefit the market.
It further said Luxembourg must take advantage of its openness to the world to be inspired by ideas from abroad. However, established companies must support the digital revolution and convergence of products and services, while encouraging the creation of new start-ups.
Following the discussions, three areas were highlighted for further examination: the flexibility of the labour market, resource management to increase productivity and being open to new models. The UEL also reminded parliament that to implement the strategy would require state, legislative and governance revisions.