High income OECD countries Compared by Labor > Firing cost > Weeks of wages
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DEFINITION:
Firing cost is the cost of advance notice requirements, severance payments, and penalties due when terminating a redundant worker, expressed in weekly wages. One month is recorded as 4 1/3 weeks.
CONTENTS
# | COUNTRY | AMOUNT | DATE | GRAPH | HISTORY |
---|---|---|---|---|---|
1 | Portugal | 98.7 weeks of wages | 2006 | ||
=2 | South Korea | 91 weeks of wages | 2006 | ||
=2 | Israel | 91 weeks of wages | 2006 | ||
=4 | Greece | 69.3 weeks of wages | 2006 | ||
=4 | Germany | 69.3 weeks of wages | 2006 | ||
=6 | Spain | 56.3 weeks of wages | 2006 | ||
=6 | Austria | 56.3 weeks of wages | 2006 | ||
8 | Chile | 52 weeks of wages | 2006 | ||
9 | Ireland | 49 weeks of wages | 2006 | ||
10 | Slovenia | 39.6 weeks of wages | 2006 | ||
11 | Estonia | 34.7 weeks of wages | 2006 | ||
12 | France | 31.8 weeks of wages | 2006 | ||
13 | Canada | 28 weeks of wages | 2006 | ||
=14 | Finland | 26 weeks of wages | 2006 | ||
=14 | Sweden | 26 weeks of wages | 2006 | ||
16 | United Kingdom | 22.1 weeks of wages | 2006 | ||
17 | Czech Republic | 21.7 weeks of wages | 2006 | ||
18 | Netherlands | 17.3 weeks of wages | 2006 | ||
19 | Belgium | 16 weeks of wages | 2006 | ||
=20 | Iceland | 13 weeks of wages | 2006 | ||
=20 | Slovakia | 13 weeks of wages | 2006 | ||
=20 | Norway | 13 weeks of wages | 2006 | ||
=20 | Switzerland | 13 weeks of wages | 2006 | ||
=20 | Poland | 13 weeks of wages | 2006 | ||
25 | Denmark | 10 weeks of wages | 2006 | ||
26 | Japan | 8.6 weeks of wages | 2006 | ||
27 | Australia | 4 weeks of wages | 2006 | ||
28 | Italy | 1.7 weeks of wages | 2006 |
Citation
Interesting observations about Labor > Firing cost > Weeks of wages
- Zimbabwe ranked first for firing cost > weeks of wages amongst Hot countries in 2006.
- Argentina ranked first for firing cost > weeks of wages amongst Emerging markets in 2006.
- Sierra Leone ranked first for firing cost > weeks of wages amongst Muslim countries in 2006.
- Portugal ranked first for firing cost > weeks of wages amongst Europe in 2006.
- Ghana ranked second for firing cost > weeks of wages amongst Christian countries in 2006.
- China ranked second for firing cost > weeks of wages amongst Cold countries in 2006.
- Germany ranked second for firing cost > weeks of wages amongst European Union in 2006.
- Israel ranked second for firing cost > weeks of wages amongst High income OECD countries in 2006.
- Egypt ranked second for firing cost > weeks of wages amongst Heavily indebted countries in 2006.
- Turkey ranked first for firing cost > weeks of wages amongst Non-religious countries in 2006.
- Italy has ranked last for firing cost > weeks of wages since 2003.