"There is no immediate need for panic. Even after the recent pay surges, differences between west and east Europe remain huge. In Germany, hourly labour costs are about €28 ($41.40, £21.15), compared with some €8 in the Czech Republic, €7.50 in Poland and €4 in Romania. Rafal Krasnodebski, a partner at the Warsaw office of PwC, the accountancy and consultancy group, says: 'Poland and Slovakia were 70-80 per cent cheaper than western Europe in 2004. Now it's 60-70 per cent. So it's still cheaper [there] and likely to be cheaper for a long time to come.'"
Gone west: Why eastern Europe is labouring under an abundance of jobs - Financial Times- msnbc.com
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