Staff Efficiency: CESEE Catches Up

BusinessEconomy ♦ Published: July 21, 2012; 20:08 ♦ (Vindobona)

Regarding staff efficience, Eastern Europe has reached almost the West European level.

Staff Efficiency: CESEE Catches Up / Picture: © Wikimedia Commons / Alfred T. Palmer [Public Domain]

The convergence process of industrial enterprises in Western and Eastern Europe is almost finished. According to a study by the business advisor Syngroup, Eastern Europe becomes more and more efficient.

In 2011, industrial enterprises in Eastern Europe cut jobs massively. For the same output, industrial enterprises in Eastern Europe employ only 4% more workers than West European…