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Newsletter July, 2024

European Union: Corporate Sustainability Due Diligence Directive (CSDDD) approved

July, 2024
  • On 24 May 2024, the Council of the European Union (EU) finalised the adoption of the Directive on corporate sustainability due diligence, which the European Commission initially proposed on 23 February 2022.
  • The Directive mandates that companies identify and mitigate adverse human rights and environmental impacts within their operations and global value chains.
  • It applies to EU and non-EU companies, including parent companies with a turnover exceeding EUR 450 million.

New publications from OECD and IOE on Artificial Intelligence

July, 2024
  • On 3 May 2024, the OECD Ministerial Council Meeting adopted revisions to the OECD Principles on Artificial Intelligence (AI), addressing emerging challenges from general-purpose and generative AI.
  • These revisions respond to recent technological advancements and address challenges related to privacy, intellectual property rights, safety, and information integrity.
  • International Organisation of Employers recently published a policy review providing employers’ organsations with guidelines on issues to assess when integrating this technology into business operations.

ILO World Employment and Social Outlook: May 2024 Update

July, 2024
  • The International Labour Organization (ILO) recently released its "World Employment and Social Outlook: May 2024 Update," providing insights into global labour market trends and projections.
  • Published on 29 May 2024, it stresses the need for inclusive policies and sustainable and inclusive growth to address labour market inequalities.
  • It reports on modest improvements in unemployment levels, but also highlights persistent inequalities, particularly for women in low-income countries.

Kenya: Federation of Kenya Employers and the International Training Centre of the International Labour Organization signed a Memorandum of Understanding

July, 2024
  • On 13 May 2024, the Federation of Kenya Employers (FKE) and the International Training Centre of the International Labour Organization (ITCILO) officially signed a Memorandum of Understanding (MOU) at FKE Headquarters in Nairobi.
  • The MOU was signed by Ms. Jacqueline Mugo, Executive Director & CEO of FKE and new IOE president (since June 2024) and Mr. Paolo Salvai, ILO Programme Director in Turin, with the attendance of Ms. Caroline Njuki, ILO Kenya Country Director, and other notable members of the FKE Faculty.
  • This collaboration heralds the launch of the International Postgraduate Certificate in Industrial Relations in Kenya, a programme that both FKE Faculty and the ILO will facilitate.
Newsletter May, 2024

Cambodia: Notification on the Compensation for Terminating an Employment Contract issued

May, 2024
  • On 21 March 2024, Cambodia's Ministry of Labour and Vocational Training (MoLVT) has issued a new notification clarifying compensation entitlements upon employment contract termination.
  • The notification distinguishes between fixed duration contracts and undetermined duration contracts.
  • Specific provisions address both standard terminations and scenarios involving bankruptcy.

Japan: Amendments to the Act for Eliminating Discrimination against Persons with Disabilities entered into force

May, 2024
  • Effective 1 April 2024, all business operators must provide reasonable accommodation to persons with disabilities, according to the recent amendments to the Act for Eliminating Discrimination against Persons with Disabilities.

 

 

 

 

“How employer and business membership organizations drive gender equality” (an ILO and IOE report)

May, 2024
  • The recent report co-authored by the International Organisation of Employers (IOE) and the International Labour Organization (ILO) provides a comprehensive overview of the strides made by Employer and Business Membership Organizations  in advancing gender equality.
  • The study, which includes data from 95 EBMOs across 87 countries, reveals both the progress made and the challenges that persist in achieving gender parity within business leadership and governance.

Artificial intelligence and the changing demand for skills in the labour market (an OECD paper)

May, 2024
  • The Organisation for Economic Cooperation and Development (OECD) recently released a report on the impact of Artificial Intelligence (AI) on the labour market. Published on 10 April 2024, it highlights the changing demand for skills and the profound transformation in how work is organised and performed.
  • The report emphasises a significant shift in skills demand across sectors due to AI adoption, increasing the need for technical and soft skills like problem-solving and critical thinking.
  • AI adoption varies by industry, affecting skill requirements differently across sectors. Employers in technology-intensive fields must prioritise upskilling and reskilling initiatives to cope with rapidly evolving job roles.

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