Brussels, 18/09/2012 (Agence Europe) - Under the impact of the austerity measures laid down by its international lenders (including pay cuts and a compulsory reduction in minimum pay), Greece recorded the greatest reductions in unit labour costs among EU27 countries, explained Eurostat on Tuesday 18 September.
Unit labour costs are the costs that an employer (company or civil service) has to pay for each employee for one hour of labour. In the first quarter of 2012 compared with the first...