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Those employed in real economy sector face layoffs

November 07, 2013, 10:54 UTC+3

Metallurgists, managers, bankers and advertisers will get laid off

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With the deterioration of the situation in the Russian economy in 2014, metallurgists, managers, bankers and advertisers will get laid off, the Rossiyskaya Gazeta writes.

President of the Centre for Strategic Communications Dmitry Abzalov told the publication that the main indicator of economic downturn is employment. In Russia, in contrast to the European Union countries, its level during the crisis years was not falling too sharply. But in the second half of the current year, the unemployment rate will be significantly rising. The first layoffs, for instance, in the steel industry, have already begun.

Practice shows that economic crisis phenomena affect a number of professions - first of all in the real industry - where are the main mass production facilities, which are export-oriented and depend on the situation on foreign markets. This means that workers of such economic sectors as the production of fertilizers, machine building and even “the defence industry” may be affected.

The second type of professions that may be affected by layoffs are the so-called “supporting” occupations - in the spheres of advertising, management and consulting.

And third, employees of the banking sector may be subjected to layoffs.

Asked how long the layoffs may last, the expert said: “The force majeure, if at all, will not last long - no more than 3-4 months.”

The worst hit may be one-company towns, especially those where the steel industry enterprises are located. No country is currently safe from this - the example of bankrupt Detroit in the U.S. proves this. Next year may prove to be difficult for cities with populations less than 500,000 and small settlements.

According to Russia’s Federal State Statistics Service (Rosstat), the unemployment rate in Russia in June 2013 was 5.4 ··percent. In Germany the figure was the same, in Italy - 12.1 percent, in the UK - 7.8 percent and in the United States - 7.6 percent.

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