Big Companies Cutting Staff in Gloomy Economy
(Moscow Times – themoscowtimes.com – Yekaterina Yezhova – February 12, 2014) 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 […]
» Read more