Romania -Central bank official: workers paid the cost of the crisis -November 25, 2015

The Deputy Governor of the central bank said that the cost of the economic crisis was mainly paid by employees. This situation was favoured by the labour code, which was completely against the interests of employees in that period. In theory, 60-65% of the net national income should be distributed to those who work and 30-35% to those who own the capital. In developed countries, the capital owners get 40% and employees receive 60%. In Romania, the situation is reversed. In 2014, over 60% of the net national income went to those who owned the capital and below 40% got to those who worked, the official said.

English: http://www.romania-insider.com/romanian-central-bank-official-employees-paid …   

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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