Job Market Monitor
Russia
Russia – 110,000 jobs cut in the Ministry of Interior
In a massive austerity move, Russian President Vladimir Putin has removed about 110,000 employees from their jobs in the Ministry of Interior. Last week, the President had signed an agreement to cut the workforce of the ministry to 10 percent, CNN Money reported. The Russian economy contracted by 2.2 percent in the first quarter of the calendar … Continue reading
Volkswagen in Russia – To cut working hours and jobs
Volkswagen (VOWG_p.DE) will reduce shifts and lay off at least 150 workers at its Russian car plant, the German car producer said on Monday, to try to cut costs in a market downturn. via Volkswagen to cut working hours, jobs at Russian plant | Reuters.
SocGen in Russia – To cut 1,500 jobs
Societe Generale SA plans to eliminate about 1,500 jobs in Russia this year as the country’s economic contraction squeezes profitability, according to a person with direct knowledge of the discussions. Societe Generale cut about the same numbers of positions in Russia in 2014, said the person, who asked not to be identified because the matter … Continue reading
Avtovaz (Russia largest carmaker) – To cut 13,000 job
Russias largest carmaker, AvtoVAZ, said on Friday it expects to cut 13,000 staff – more than previously indicated – at its Togliatti plant due to falling sales of its flagship Lada. Avtovaz slumped to a loss last year, and recently appointed CEO Bo Andersson is battling to revive business in a touch economic environment amid … Continue reading
Ford in Russia – To cut about 950 jobs
Ford Motor Co. (F:US)’s Russian joint venture is cutting about 950 jobs at two factories in response to the falling ruble and deteriorating demand in the country. A car plant run in partnership with OAO Sollers near St. Petersburg will eliminate about 700 positions as it drops a work shift in June, John Gardiner, a … Continue reading
Russia / Big Companies Cutting Staff
A slew of announced layoffs is rattling the domestic labor market, threatening to further undermine a weak economy. Russia’s two largest banks, state-owned Sberbank and VTB, have joined the country’s biggest carmaker, AvtoVAZ, in declaring significant staff reductions in the upcoming months. VTB Group disclosed last month that it would cut employees and the salaries of remaining staff at its core business, VTB bank, and its investment arm, … Continue reading
Russia / Automakers have cut jobs by 30% over 5 years
Over the past five years the number working in the Russian vehicle production fell by 29%. Output increased by 24% proving the sector has become more productive. Since April 2012 car manufacturers cut 5% of their work force bringing the total number employed to 244,000, business daily Vedomosti reports. Most jobs were cut after the … Continue reading
The Generation Y in Russia
The current wave of young job candidates entering the labor market are presenting unique challenges to hiring managers, experts said at a forum dedicated to human resources on Tuesday. Freedom loving, soul searching and socially conscious are some of the hallmarks of young professionals from Generation Y, an age group born in the period from the late 1970s to the mid 1990s. And they are the kinds of potential employees that can leave … Continue reading
Moscow / Underground Sweatshop city of 260 migrant workers found
An underground factory for immigrant workers to make clothes in sweatshops has been discovered under a street in Moscow. The cramped complex, which was home to about 260 migrants, contained dormitories and workshops packed with sewing machines as well as a canteen, a chicken coop, a cinema and casino. The undocumented workers were arrested during … Continue reading
Russia / Human capital development is the challenge says OECD
To pursue economic growth, Russia must develop its human capital, which requires structural reforms in education, healthcare and pensions. These, in turn, must respond to major trends in service provision, including the increasing role of individual choice, the need to deliver lifelong learning and healthcare, and the risk that Russians will increasingly buy services abroad, … Continue reading
Russia / 1.5M jobs
Russia has 1.5mln vacant jobs for skilled labourers, professionals and intellectuals. It is in particular need of engineers, scientists, mathematicians and IT experts. Deputy Prime Minister for Social Policies Mrs Olga Golodets spoke about this in Paris Saturday at this year’s skilled jobs fair. It is the first time that Russia has taken part. Source: … Continue reading
Russia / A Village of Art and Jobs
Quirky art configurations dot a vast, snowy plain: a giant silver cylinder curves upwards into the sky, a wooden ship tosses on an icy sea and long-winged insects cling to a pole. In some ways, the Russian village of Nikola-Lenivets in December looks like Burning Man’s creativity was copied and pasted onto the tundra. The … Continue reading
Russia / 1.3 million on minimum wage
Over a million Russians get a monthly wage of $148, most of them from the public sector, well below the $220 poverty line. 650,000 Russians out of 1.3 million living on the minimum wage work in the public sector, according to the country’s Public Health and Social Development Ministry. The minimum wage is the lowest … Continue reading
Russia / Changing jobs more frequently than other Europeans
Russians change work more frequently than their European counterparts. According to Rosstat (Russia’s Federal Statistics Service), over 11 percent of the working population remains employed at a primary place of employment for less than a year only; for 700,000 employees, this period lasts less than a month. Experts interviewed by RBTH differ in their opinions … Continue reading
Kalshnikov Maker – Layoffs To Come
Russia‘s troubled maker of the iconic Kalashnikov assault rifle faces layoffs and a possible merger with another arms manufacturer, a media report said Tuesday. The Russian army last year failed for the first time to order new AK-47s, of which it says it already has 17 million in stock, a massive supply for its 1 … Continue reading
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