Article: Profitability tumbles to 17-year low, NS reveals.

Byline: NEVILLBOYDMAUNSELL

What is now revealed to have been the deep recession of the first quarter of 2009 drove up industry's wage costs by more than ten per cent year-on-year, while profitability sank to a 17year low.

The leap in wage costs measured by unit of output to some extent reflected a ...

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