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Article: Profitability tumbles to 17-year low, NS reveals.
- Article from:
- The Birmingham Post (England)
- Article date:
- July 2, 2009
CopyrightCOPYRIGHT 2009 Birmingham Post & Mail Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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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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