Since the world crisis hit Slovenia, the reconfiguration of the industrial relations system has mainly been exogenously determined. Public debt and the related dependence on supranational institutions and financial (bond) markets have been strongly correlated with the unilateral imposition of these institutions’ demands and pressures. Despite the mounting pressures, the formal structure of industrial relations has not undergone major changes, but within this structure there are clear signs of major changes in power relations and in the logic and quality of the industrial relations system.