Under the Industrial Relations Code, one of the three new laws, companies employing up to 300 workers will not require government permission to lay off workers or close plants – an increase from the previous cap of 100 and a major demand from industry over the years.

The code also puts restrictions on the recognition of trade unions – making it mandatory for them to represent at least 10% of workers in a given sector – and prohibit them from striking without prior notice and during conciliation proceedings.