– From our center in Krakow, we normally bring 1,000 people to Norway each year. This year we will bring in less than 300, says Nordic boss Torben Sneve in Adecco. At the recruitment center in Krakow in Poland, there have previously been long queues of Poles who want to come to Norway to earn money. Norwegian salaries have fallen in value And it is perhaps not so surprising that Norway used to be an attractive place to work: In 2013, a salary of NOK 600,000 was approximately EUR 75,000. Then one euro cost NOK 8, and one Polish zloty NOK 1.80. But today the value of a salary of NOK 600,000 is barely 50,000 euros. The reason is that one euro today costs NOK 12. The zloty costs NOK 2.70. A Norwegian salary was thus worth 50 per cent more in euros and zlotys ten years ago than today. For the first time, more workers are choosing to travel west or south in Europe than north to earn money, according to the Adecco manager: – It is worrying, says Sneve. Nordic manager Torben Sneve in Adecco says that Norway has become a less attractive country for foreign labor migrants. Photo: Thomas Alvarstein Owe / news – Left with very little He adds that people do not necessarily travel to Norway because it is so good to live in the country, but to earn money. – The problem is getting people to come to Norway to take up work. We have seen a sharp deterioration in this over the past year as the krone exchange rate has weakened, he says. In addition, wages in several Eastern European countries have grown strongly in recent years, in addition to the currency effect making wages higher measured against the Norwegian krone. – Now we are in a situation where the krone has fallen so much in value compared to the euro that you are left with very little. Then you’d rather stay at home, says Sneve. After the financial crisis in 2008, labor immigration to Norway increased. Then unemployment was high in the rest of Europe. The peak in labor immigration came in 2011. Since then, the number traveling to Norway to work has fallen, according to Statistics Norway. – The krone exchange rate has been postponed The recent drop in the krone means that the krone has not been weaker since this spring. At the time, there was much debate about the reason why the market got rid of Norwegian kroner. Senior strategist Dane Cekov at Nordea Markets has several explanations for why the krone has become weak again this autumn. Senior strategist Dane Cekov at Nordea Markets explains that the krone exchange rate is deferred when there is uncertainty in the world economy. Photo: William Jobling / news – It’s a bit complex, but we see that energy prices have come down a lot in the last couple of weeks. There has also been generally great uncertainty on behalf of the world economy, things are going badly in the stock market, and the krone exchange rate is a small and vulnerable currency, he says. – If we look at the ten largest currencies, which have done the worst this year? – The krone exchange rate is among them. The krone exchange rate has weakened by around 20 per cent against the euro in the last couple of years, and as much as 25 per cent against the dollar. The krone exchange rate is postponed when there is uncertainty in the world economy and energy prices fall, he replies.
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The Poles do not want to go to Norway after the collapse of the krone – news Norway – Overview of news from different parts of the country
