At the start of his second term as Prime Minister in 2012, Fico introduced a new "Labour Code," which granted entitlement to a lay-off notice period as well as severance pay, reduced overtime, making layoffs more expensive for employers, shorter temporary work contracts and more power for trade unions. In addition, it curbed the ‘chaining’ of fixed-term employment contracts, whereby currently it is possible to extend a fixed-term employment contract three times over three years. The Code was revised in 2014 when it introduced severe restrictions of the work on agreement performed outside regular employment. Under the latest revision, employers will be able to conclude agreements with employees for 12 months only.