We recently recorded a lively discussion with several of our Baker McKenzie colleagues to discuss the major developments impacting multinational employers operating in Europe. For your convenience, click here for a link to the recording.

To preview some of the key changes our team highlighted, read on!

The socio-political climate across Europe is contributing to a challenging environment for multinational businesses operating in the region. Economic growth has slowed, there is significant political tumult in a number of countries, and geopolitical tensions and conflict have further complicated supply chains, investment decisions and regulatory compliance.

The European Union is advancing several regulatory priorities that will significantly impact global employers, particularly in the areas of pay equity, competition law, and employee representation.

• The EU Pay Transparency Directive, set to be implemented by June 2026 mandates (among other things) that employers: (i) disclose salary ranges in job postings and (ii) prohibit inquiries into candidates’ salary histories. Companies with over 250 employees must report gender pay gaps annually, and if disparities exceed 5% without objective justification, they must conduct joint pay assessments with worker representatives.
• The EU is intensifying enforcement against anti-competitive behavior, with a focus on labor market collusion, such as wage-fixing and no-poach agreements. Employers must be vigilant in their hiring practices...

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