WAGES
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Romania’s Wage Costs In 2013 To Exceed Initial Target, Hit 7.3% Of GDP
Romania’s staff expenses this year will exceed the initial target of 7.1% of the gross domestic product to reach 7.3% of the GDP, and will be reduced gradually by 2016 to 6.8% of the GDP, ac...
Romania Ranks Third In EU Regarding Share Of Low-Wage Earners - Eurostat
Romania is ranked third in the European Union regarding the share of low-wage earners among employees (25.6%) in 2010, after Latvia (27.8%) and Lithuania (27.2%), official data showed Thursd...
Ponta Says Oltchim Employees To Receive Back Wages For November This Week
Romanian Prime Minister Victor Ponta on Monday said the employees of state-owned chemical company Oltchim will receive their back wages for November this week.
PwC: Romanian Private Sector Real Wages Rose Insignificantly In 2012
Wage raises in the Romanian private sector were insignificant this year, considering the inflation rate, said Horatiu Cocheci, human capital advisory team leader at PwC Romania.
BMW VP: Low Wages In Romania Lead To Lower Productivity
Automotive component manufacturers in Romania have no problems with the product quality but with productivity, says Franz Linner, BMW Group vice-president purchasing, production and technolo...
Romtelecom's Expenses With Management Team Down 20% In 2011
Romanian telecom operator Romtelecom’s expenses with the management team were down 19.4% in 2011, to 26.9 million lei (EUR5.87 million), according to an audit report of PricewaterhouseCooper...
Oltchim Workers End Protest After Promises They Will Recover Unpaid Wages By October 17
The employees of Romanian chemical company Oltchim Ramnicu Valcea (OLT.RO) have ceased protests over unpaid wages and will receive the money by October 17, interim union leader Corneliu Cern...
Parliament Adopts Ordinance Restoring Public Wages To Pre-Austerity Levels
The Romanian Chamber of Deputies on Tuesday adopted with 225 to one vote and two abstentions an emergency ordinance restoring public wages to pre-austerity levels gradually.
INS: Average Net Wage Slightly Up To RON1,556 In July
Romanian average net salary inched up 0.3% to 1,556 lei (EUR346) in July, from RON1,552 a month earlier, the statistics institute INS said Tuesday.