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Eurostat: Romania, the lowest minimum salary in EU in terms of purchasing power

A minimum salary of EUR 137 places our country on the last but one place, ahead of Bulgaria, while the biggest minimum salary in EU is EUR 1,610 and is registered in Luxembourg.

Romania has the lowest minimum salary in terms of purchasing power of all the 27 states members of the European Union, according to the statistics recently published by the Statistical Bureau of the European Union - Eurostat, Agerpres informs.

According to the quoted source, the minimum salary in Romania in 2008 was EUR 137, a figure which places the country on the last but one place, ahead of Bulgaria, which has a minimum salary of EUR 112. Adjusted to the Purchasing Power Standard, Romania ranks on the last place in EU, with 232 points.

The biggest minimum salary in EU is EUR 1,610 and is registered in Luxembourg, which is on the first place in terms of purchasing power of the minimum salary - 1,532 PPS per month.

Romania is in the group of the states with the smallest monthly minimum salary, which includes the countries with a minimum salary between EUR 100 and 350. In that group we find Bulgaria (EUR 112), Latvia (EUR 228), Lithuania (EUR 232), Slovakia (EUR 267), Estonia (EUR 278), Hungary (EUR 285), the Czech Republic (EUR 329) and Poland (EUR 334). In the second group we find the countries with a monthly minimum salary between EUR 500 and 700. These are Portugal (EUR 497), Slovenia (EUR 567), Malta (EUR 612), Greece (EUR 681) and Spain (EUR 700).

The third group of countries includes the states with a monthly minimum salary close to, or which exceed EUR 1,150. These are Great Britain (EUR 1,148), France (EUR 1,321), Belgium (1,336), The Netherlands (EUR 1,357), Ireland (EUR 1,462) and Luxembourg (EUR 1,610). According to Eurostat, in 2000-2008 Romania registered the biggest growth of the minimum salary in real terms, of 12.2 per cent.

The portrait of the romanian employee affected by restructuring

Under these circumstances there is no wonder that the Romanian employee affected by restructuring in 2008 is generally aged between 40 and 45, with a seniority of 20 years in the company, a unique career and had no professional training during the career, according to the portrait made by the firm of consultancy in management and human resources BPI Romania.

Viorel Ghete, managing partner BPI, stressed that the studies show however that the rather unskilled workers are the most affected by layoffs, and the domains where the resources and jobs are strongly limited the impact can be dramatic. BPI representative stressed that the multinationals from Romania have at their disposal the outplacement through which an average of 50 per cent of the persons laid off are directly assigned to new jobs, and the investment is minimum compared to the compensatory payments. He showed that the employees of the multinationals are privileged compared to the employees from SMEs or local companies.

 

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Tags: minimum salary power which purchasing terms eurostat romania

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