Russian Business Giants Cut Thousands of Jobs to Survive Mounting Financial Strain
- Growing economic difficulties are forcing Russian businesses to reduce personnel expenditures.
- According to a July survey by the Russian Union of Industrialists and Entrepreneurs, 40% of companies intend to cut labor costs, a share that has nearly doubled over the past three months, as reported by The Moscow Times on August 4.
- Your support keeps our team in the field.
Unverified
- Growing economic difficulties are forcing Russian businesses to reduce personnel expenditures.
- According to a July survey by the Russian Union of Industrialists and Entrepreneurs, 40% of companies intend to cut labor costs, a share that has nearly doubled over the past three months, as reported by The Moscow Times on August 4.
- Your support keeps our team in the field.
Sources: United24media