Investor Presentaiton slide image

Investor Presentaiton

Employment Contracts Employers are required to conclude written employment contracts with their employees. The contract must at least describe the type of work, the date when the employee will commence working, and where the work will be performed. Trial periods may generally not be longer than three months, except for managerial positions, where a trial period of up to six months can be agreed. A fixed-term employment contract may be concluded for up to three years, and may only be renewed twice (with certain exceptions). An employment contract concluded for an indefinite period or a fixed term may be terminated: A fixed-term employment contract also terminates upon the expiry of the agreed period. An employment relationship with a foreigner also terminates by the expiry of their work or residency permit. If employment is terminated with notice, a two months' notice period applies (unless agreed otherwise). The employee can give notice without stating any reason. However, if the notice is given by the employer, it must specify one of the reasons stated in the Labour Code, such as: • The employer (or its part) is being liquidated or is ceasing to carry on business. • The employer's operations (or its part) are relocating. . • by agreement • by notice • by immediate termination • anytime during the trial period. 52 • . • The employee has become redundant following the employer's organisational change. The employee is no longer healthy enough to perform work. The employee has committed a serious breach of obligations (or several less serious breaches). The employee has failed to fulfil the prerequisites for the performance of the job or their work performance is poor.
View entire presentation