Employment protection can be achieved either through legislation or collective bargaining. Moreover, these combined with effective labour policies ensure labour market security – a more comprehensive understanding of protection that goes beyond one job or employer. Labour market security provides protection combined with unemployment insurance, minimum wage, training and other labour policies that facilitate transition from unemployment and employment while providing protection to those who are already in employment. Because of the recent trend towards deregulation and decentralization, this paper only examines employment protection legislation and industrial relations, the other aspects of security are left out of the paper.