GUS figures show second quarter fall in real wages as companies cut costs

According to a study carried out by the Central Statistical Office (GUS), real wages fell in the second quarter of the year. The GUS study showed that with inflation factored in, wages in the corporate sector were 0.3% lower than in the second quarter of 2000. However, in the first half of the year, real wages actually rose, by 0.7%, contrasting with a fall in retail sales in the same period. As a result, manufacturers are expected to try and cut costs to the minimum, which offers little hope to employees of having their wages increased. (Prawo i Gospodarka, p. 3) A.K.