Latvia -Growth in labour costs documented -March 17, 2014

Updated figures of the statistical office show that, compared to the 4th quarter of 2012, hourly labour costs in the country in the 4th quarter of 2013 grew by 34 cents or by 5.9%, reaching 6.18 euro per hour. The most notable increase in hourly labour costs during 2013 was recorded in mining and quarrying (19.9%), in arts, entertainment and recreation (15.6%), in public administration and trade (8.7%), in construction (7.7%) and in real estate activities (7.1%). Labour costs in public administration and trade have increased more rapidly due to the rise in both regular wages and irregular premiums (irregular bonuses also include compensation for unused vacation, vacation allowance).

English: http://www.csb.gov.lv/en/notikumi/increase-34-cents-hourly-labour-costs ...

 

For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Mariya Nikolova mnikolova@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. You may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.


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