BUSINESS

Net average salary drops by approx. 1 pc

According to the latest statistics, the highest net average salaries reported in tobacco industry, the lowest in the hospitality and restaurant industries.

According to the National Statistics Institute (INS), the average net salary stood at RON 1,414 in February 2011, dropping by 0.7 per cent (RON 10) compared to the month before. Likewise, the average gross salary dropped by 1 per cent to RON 1,944. The highest average net salaries were reported for the first time in the tobacco industry (RON 3,790), while the lowest were reported in the hospitality and restaurant industries (RON 885).

Nevertheless, in February the net income from salaries registered both hikes and drops. Thus, hikes in the economic sector (other than the public sector) were caused by occasional bonuses or salary hikes but also by good production results and higher contract revenues. Likewise, sums were offered as back payments for the previous months in which companies faced financial difficulties and the employees were on unpaid leave.
The most significant salary hikes in February were reported in activities auxiliary to financial intermediations (30.4 per cent) and in the tobacco industry (27.6 per cent). The average net salary in the pharmaceutical sector grew by 8.4 per cent, while the one in the wood processing sector grew by 8.3 per cent. 3-5 per cent hikes were registered in the following sectors too: production of PCs and electronic products, auxiliary transportation activities, production of beverages, extractive activities, financial intermediations (with the exception of insurance and pension fund activities), research and development.

On the other hand, the drops were caused by occasional bonuses paid the month before, by poor production results, by lower revenues and by the financial difficulties that some companies are facing. Thus, the most important net salary drops (9-13 pc) were registered in the following sectors: telecommunications, insurance, reinsurance and pension fund activities (with the exception of those in the public social insurances system – pillar II), other extractive activities, oil and natural gas extraction. Likewise, the average net salary dropped by 3-4 per cent in the following sectors: production and distribution of electricity, thermal energy, natural gas and water, the maintenance and installation of machines and equipment, the production of chemical substances, water treatment.

Difficulties in paying some salaries in education system

When it comes to the public sector drops in the average net salary were reported in public administration (-6.9 per cent), as a consequence of paying some salaries from other funds the months before, and in the education system (-1.2 per cent), as a consequence of financial difficulties and of the fact that some schools did not pay their employees. Nevertheless, a slight growth of the average net salary (+0.3 per cent) was reported in the health and social assistance sectors as a consequence of layoffs and back payments.

According to the INS, when compared to July 2010 (when the 25 per cent cut was applied to gross salaries) in February 2011 the average net salary was 14.7 per cent higher in the education system, 12.1 per cent higher in the health system and social assistance sector and 9.4 per cent higher in public administration.

Household expenditures overtake revenues by approx. 1 pc

A household’s total monthly average revenues have grown by 3.4 per cent to RON 2,308 in Q4 of 2010 compared to the previous quarter, while average monthly expenditures have grown by 4.5 per cent to RON 2,114. That means that expenditures in fact represent 91.6 per cent of revenues.

Moreover, average monthly revenues per person stood at RON 797, up by 3.5 per cent compared to July – September 2010, and expenditures stood at RON 730, being 4.58 per cent higher.
In Q4 of 2010 revenues stood on average at RON 1,906 per month per household and at RON 658 per month per person. Revenues in the form of produce stood at RON 402 per month per household and RON 139 per month per person.

Salaries and other associated incomes represented the most imported source of income, representing 48.6 per cent of the households’ total revenues, down by 0.5 per cent compared to Q1, by 2.1 per cent compared to Q2 and by 0.4 per cent compared to Q3.

Related posts

eMAG: Accelerated development and EUR 48 million investments

Over 100 Oltchim angry employees protest over unpaid wages

Nine O' Clock

Travel agencies to fully disburse tourists in case of bankruptcy

Nine O' Clock

Leave a Comment