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Labor Chamber: Productivity Grew Significantly More Than Salary Increases

Politics ♦ Published: April 30, 2011; 13:09 ♦ (Vindobona)

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Personnel costs per employee of Austrian companies, according to the Labor Chamber (AK) have grown less than half as strong as productivity since 2003.

Labor Chamber: Productivity Grew Significantly More Than Salary Increases / Picture: © Vindobona.org

"These results show that there is enough room for a fair wages policy, working time reduction and job creation, and this should be used by now", says AK President Johann Kalliauer.

The Labor Chamber calculates the average surplus generated by an employee for the company on the basis of published financial statements of medium and large businesses. The conclusion: The companies…