COST COMPETITIVE, SKILLED & FLEXIBLE WORKFORCE
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Portuguese employees are known for their versatility and commitment to work, with a positive attitude towards the adoption of new technologies and practices.
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Portugal has the lowest labor costs in the EU both in industry and services.
Hourly Labour Costs in € - 2005
Industry
Services
Tourism
Source: Eurostat
This cost advantage is evident when manufacturing and tourism-related activities are considered. And, when considering labour cost growth rate together with productivity levels, Portugal appears as a great location in cost-benefit terms.
Labour Productivity 2004 – Hours worked
Source: Eurostat
Labour Cost Index - 2000=100
Source: Eurostat
Portugal is also one of the countries with smallest number of working days lost due to labor disputes.
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