Under the new Labour Act, which is under preparation, workers will no longer be required to retire at 65 and will be allowed to continue working even after they meet the formal requirements for retirement, if they so wish and if there is work for them to do. Considering the present situation in the domestic labour market, many employers will turn to this age group for labour because the working age of employees has dramatically changed in the last decade and a half.
This summer the Croatian government boasted that Croatia had reached the second-highest employment rate in the last 30 years and surpassed pre-pandemic levels, which is true. However, the age structure of employees has substantially changed too, so that today only 481,000 employees are aged under 35, the newspaper said.
In 2008, the number of persons aged under 35 in the workforce was 609,000, which means that 128,000 people of the most productive working age have disappeared from the Croatian labour market in the past 13 years, which is equivalent to a city the size of Rijeka. These vacancies are increasingly being filled by older people, and considering the present trends, it can be expected that persons in their sixties and seventies will be in demand in the coming years.
The low birthrate and mass emigration are taking their toll and as a result Croatia now has 103,000 employees aged above 50 more than in 2008, namely 467,000. Over 100,000 of them will qualify for retirement in the next 10 years.
Croatia has imported nearly 100,000 foreign workers this year to meet the labour demand and they are included in the official statistics. Their number could be even higher in the years ahead. The government has proposed in talks with the social partners that the statutory retirement age of 65 be removed, which would make it possible for people to work as long as their health and labour market conditions permit, Večernji List said.
For more, make sure to check out our dedicated business section.
