In the second quarter of 2012, nominal labor costs in Poland rose by 3.9 percent in comparison to the same period a year earlier, Eurostat revealed on Monday. The European statistical agency said that the rise was due largely to pay rises, and not new overhead costs or taxes.
However, with inflation at nearly 4 percent for that period, according to Poland's statistical office, in real terms, the country labor costs remain about even.
In comparison, Eurostat found that in the same period real labor costs grew by 1.2 percent in the Czech Republic, 5.1 percent in Romania and 3 percent in Bulgaria. Meanwhile, in Hungary, real labor costs have decreased by 0.8 percent and in Slovakia by 0.6 percent.
Poland's Central Statistical Office released data on Tuesday that showed that corporate sector employment and wages dropped month-on-month in August (0.1 percent and 0.4 percent respectively) and that in year-on-year terms, corporate employment remained stable, while wages rose by 2.7 percent. In the eight months to August, employment rose by just 0.3 percent over last year, while wages grew by 3.9 percent.
From Warsaw Business Journal by Remi Adekoya
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