Poland Corporate Employment Down, Wages up in October

Figures

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Employment in Polish companies dropped by 0.1% in October on average in year-on-year terms, the Central Statistical Office (GUS) reported on Tuesday.

Meanwhile, average wages in the enterprise sector increased by 12.8% to PLN 7,544.98 (EUR 1,730) in October, data from the Warsaw-based statistics agency showed.

The figures are for companies with more than nine employees.

It was the highest corporate sector wage growth since February, primarily driven by payments of quarterly, incentive & discretionary bonuses, service anniversary awards and retirement severance pay. On a monthly basis, wages increased by 2.2%, with the largest gains recorded in agriculture, forestry & fishing section (31.6%).

Meanwhile, the highest value was seen in mining & quarrying (PLN 13,910.71 or EUR 3,180), while the lowest value was recorded in accommodation & catering services (PLN 5,384.21 or EUR 1,231).

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