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NATO 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.
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# COUNTRY AMOUNT DATE GRAPH HISTORY
1 Portugal 98.7 weeks of wages 2006
2 Turkey 94.7 weeks of wages 2006
=3 Greece 69.3 weeks of wages 2006
=3 Germany 69.3 weeks of wages 2006
5 Albania 64.3 weeks of wages 2006
6 Spain 56.3 weeks of wages 2006
7 Slovenia 39.6 weeks of wages 2006
8 Croatia 39 weeks of wages 2006
9 Estonia 34.7 weeks of wages 2006
10 Hungary 34.5 weeks of wages 2006
11 France 31.8 weeks of wages 2006
12 Lithuania 30.3 weeks of wages 2006
13 Canada 28 weeks of wages 2006
14 United Kingdom 22.1 weeks of wages 2006
15 Czech Republic 21.7 weeks of wages 2006
=16 Netherlands 17.3 weeks of wages 2006
=16 Latvia 17.3 weeks of wages 2006
18 Belgium 16 weeks of wages 2006
=19 Iceland 13 weeks of wages 2006
=19 Slovakia 13 weeks of wages 2006
=19 Norway 13 weeks of wages 2006
=19 Poland 13 weeks of wages 2006
23 Denmark 10 weeks of wages 2006
24 Bulgaria 8.7 weeks of wages 2006
25 Romania 3 weeks of wages 2006
26 Italy 1.7 weeks of wages 2006

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NATO countries Compared by Labor > Firing cost > Weeks of wages

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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.

Factoid #256

  • What do Greece, Spain and South Africa have in common? Half their youth are unemployed.

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