Employers' labour costs in the third quarter of 2010 were 7.2 per cent higher on a yearly basis, according to data from the National Statistical Institute, but down from the annual 10.1 per cent figure recorded in the second quarter of the year. Labour costs, which cover salaries, mandatory social security and healthcare contributions, as well as other payroll taxes, rose by 12.2 per cent in the services sector and 7.2 per cent in the industrial sector. Costs were up 5.3 per cent for construction companies, but the steepest rise was in the telecommunications sector, where labour costs increased by an annual 21.2 per cent.
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|Title Annotation:||CEE BRIEFS|
|Publication:||The Sofia Echo (Sofia, Bulgaria)|
|Date:||Dec 23, 2011|
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