Monday, June 4, 2007

Poland Must Reduce Labor Costs to Sustain Economic Growth, Minister Says

(Bloomberg) -- Poland must cut labor costs urgently to
halt emigration, lift employment and avoid a slackening of economic
growth, Deputy Finance Minister Katarzyna Zajdel-Kurowska said.

The nation must end the ``vicious circle'' in which employers
face growing difficulty finding workers as people leave for jobs
abroad and the unemployment rate remains the highest in the
European Union, Zajdel-Kurowska said in an interview on May 31.


Read more at Bloomberg Emerging Markets News

No comments: