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Summarising the key labour developments of 2024, oev highlighted that in January 2024 a wage increase of 2.44 per cent on new basic salaries was paid, due to the implementation of the cost of ...

In 2024, the hourly labour cost ranged from €10.6 in Bulgaria to €55.2 in Luxembourg among the EU countries according to Eurostat. The average estimated cost in the EU was €33.5.

Lowest labour costs in Eastern Europe Labour costs in the EU are lowest in Eastern Europe. Bulgaria (€10.6), Romania (€12.5), and Hungary (€14.1) have the lowest rates.

Highest costs in Northern and Western Europe The highest labour costs are concentrated in Northern and Western Europe, especially when Iceland and Norway are included alongside EU member states. All ...

Without those workers, labor costs could cost Mr. Anderson another $16,000. With tariffs, the lumber for the framing could add $1,760 to his budget.

Broadly, the average hourly labour costs across the EU and eurozone in 2024 stood at €33.5 and €37.3 respectively.