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Home BUSINESSGerman labour cost 30% higher than EU average
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Tue, 05 May, 2015 03:28:21 AM
FTimes-Xinhua Report, May 5

 

Labour cost in Germany was one of the highest in the European Union in 2014, and was 30 percent above the EU average, data from German federal statistical office Destatis showed on Monday.

     Last year, employers in German private sectors had to pay 31.8 euros (about 35.5 U.S. dollars) per hour to their employees. It was 1.6 percent higher than in 2013 and ranked the eighth among the 28 countries of the EU.

     The average hourly payment was 24.4 euros in the EU and 29.2 euros in the eurozone, Destatis said.

     Standing at 42 euros per hour, labour cost in Denmark was the highest in the EU. It was followed by Belgium and Sweden with payments of 41.1 euros and 40.2 euros respectively.

     In France, Germany's neighbour and the second biggest economy in Europe, the labour cost was 35.2 euros per hour.

     Labour costs consist of gross earnings and non-wage costs which include the employers' statutory social security contributions, expenditure on employee pension schemes and expenditure on continued pay in case of sickness.

     According to Destatis, employers in the German private sector paid an additional 28 euros of non-wage costs per 100 euros of gross earnings.

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