NFU Position Paper on the Competitiveness Compass

Executive summary

The EU Competitiveness Compass, unveiled on 29 January 2025, sets forth an ambitious
framework aimed at bolstering the European Union’s global economic standing through
enhanced productivity, innovation, and regulatory reform. For NFU, this document, with its
numerous planned policy proposals in a wide range of policy areas, represents a critical
opportunity to embed robust social and labour considerations into the heart of European
economic policy. We see the Compass as a call to balance market dynamism with a strong
commitment to workers’ rights, fair remuneration, job security, and a just transition in an
era of rapid digitalization and financial innovation. Our aim is to ensure that competitiveness
is not achieved at the expense of the quality of work, equality, and social protection in the
finance sector.