SME Times is powered by   
Search News
Just in:   • Pranab to take austerity measures for economic growth  • Sensex tanks 298 pts, metal, auto stocks fall  • Rupee hits record low of 54.42 against dollar  • Pilots grievances will be heard: Ajit Singh  • Second Ghana SME Expo launched  
Last updated: 04 Feb, 2010  

Russia.9.Thmb.jpg Half a million Russian may lose jobs

Employee.9.jpg
RIA Novosti | 04 Feb, 2010
The total number of unemployed people in Russia may rise to 6.7 million as almost half a million people are in danger of losing their jobs, authorities said Wednesday.

Over 900,000 people have been dismissed since monitoring started Oct 1, 2008, and that 480,000 more could lose their jobs in the immediate future, Alexander Zhukov, a deputy premier, said at a news conference here.

According to Russia's statistics service Rosstat, some 6.2 million Russians are currently unemployed, with the unemployment rate exceeding 8 percent, he said.

Official figures are much lower as many Russian do not collect unemployment benefits, which are generally very low.

Zhukov said the government intended to develop programmes to maintain Soviet-era single-industry towns, which have been hit hard by the global economic crisis as demand for their products has fallen.

"This year, the situation will be difficult, and the enterprises... are unlikely to resolve their problems themselves," he said.

However, the deputy premier said the Russian authorities had managed to avert a dramatic increase in unemployment.

"The implementation of regional programmes allowed us not only to avoid large-scale cuts, but also to decrease the number of citizens registered as unemployed," he said, adding that the government intended to allocate a total of 36.3 billion rubles (more than $1.2 billion) to stabilise the labor market in 2010. 
 
Print the Page Add to Favorite
 

Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

   Top Stories
» Pranab to take austerity measures for economic growth
» Rupee hits record low of 54.42 against dollar
» Vast scope for India-Africa SME cooperation: Scindia
» SMEs to meet today on 12th Plan manufacturing roadmap
» India ranked 46th in trade logistics performance
 
  Commented Stories
» Credit rating can help SMEs in more ways than one(20)
» SME Conclave – awareness on SME stock exchange(15)
» Exporters need push, not pull(8)
» As China dumps in India's solar market, domestic industry shrivels(3)
» Industrial city Kanpur at its deathbed(3)
  Customs Exchange Rates
Currency Import Export
US Dollar
53.10
52.25
UK Pound
86.00
84.15
Euro
70.35
68.70
Japanese Yen 65.50 63.85
As on 16 May, 2012
  Daily Poll
Do you think RBI's deregulation of export credit interest rate in foreign currency will affect exporters?
 Yes
 No
 Can't say
 
 
 
 
About Us  |  Contact Us  |  Feedback |  Success Stories |  Tradeindia in News  |  Get Listed | 
Sitemap  |  Terms of Use |  Useful Links |  Trade Bodies