By Joice Alves and Josephine Mason LONDON (Reuters) - Plans by European companies to hike wages and pay one-off bonuses to help staff cope with a torrid
Plans by European companies to hike wages and pay one-off bonuses to help staff cope with a torrid winter are raising alarm among investors concerned that the extra cost could hurt profits and undermine the region s economy.
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The Stoxx 600 index, which includes large companies from 17 European countries, fell 2.3 percent on Friday, pushing the index down about 21 percent from its Jan. 5 peak.