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European Union 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 Greece 69.3 weeks of wages 2006
=2 Germany 69.3 weeks of wages 2006
=4 Spain 56.3 weeks of wages 2006
=4 Austria 56.3 weeks of wages 2006
6 Ireland 49 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 Finland 26 weeks of wages 2006
=13 Sweden 26 weeks of wages 2006
15 United Kingdom 22.1 weeks of wages 2006
16 Czech Republic 21.7 weeks of wages 2006
=17 Netherlands 17.3 weeks of wages 2006
=17 Latvia 17.3 weeks of wages 2006
19 Belgium 16 weeks of wages 2006
=20 Slovakia 13 weeks of wages 2006
=20 Poland 13 weeks of wages 2006
22 Denmark 10 weeks of wages 2006
23 Bulgaria 8.7 weeks of wages 2006
24 Romania 3 weeks of wages 2006
25 Italy 1.7 weeks of wages 2006

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European Union 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.
  • Italy has ranked last for firing cost > weeks of wages since 2003.

Factoid #256

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

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