Belgian labor costs are rising faster than in neighboring countries. This is clear from the statistics agency Eurostat's figures.
Why is this important?
With turmoil over the industrial future of companies such as Van Hool and Audi Brussels, the question once again arises as to whether wage costs in Belgium are not too high.In perspective: Within the EU, labor costs vary widely, from €9.3 per hour in Bulgaria to €53.9 in Luxembourg.
- Belgium ranks third in the European Union, after Luxembourg and Denmark. Wage costs are also high in non-EU countries such as Iceland and Norway.
- It comes right after Belgium according to our three most important trading partners, the Netherlands, France and Germany. These three countries are also the reference countries for wage cost development for social partners and the government.
- When i
This featured article is exclusive to subscribers
Now read 3 articles for free per month!
Do you think about the future, about the future of tomorrow? Business AM is your guide through change. Don't follow the facts and be part of the fastest growing business site in Flanders.
More Stories
Brabanders are concerned about climate change.
The “term-linked contract” saves space on the electricity grid.
The oystercatcher, the “unlucky national bird,” is increasingly breeding on rooftops.