RUSSIALINK: “Automation May Push 20 Million Russians Into Unemployment, Study Says” – Moscow Times

File Photo of Factory Robot, adapted form image at NIST.gov

(Moscow Times – themoscowtimes.com – Sept. 10, 2019) More than 20 million Russians risk losing their jobs to automation over the next decade if they don’t develop new skills, according to new research. Economists estimate that robots will take over more than 20 million manufacturing jobs worldwide by 2030. Automation is expected to lead to major job losses despite bringing […]

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RUSSIALINK: “PMI in Russian manufacturing climbs to 52.6 in Nov, highest since July 2017 – IHS Markit” – Interfax

Diverse Paper Currency, Coins, Line Graph

MOSCOW. Dec 3 (Interfax) – The Purchasing Managers’ Index (PMI) for Russia’s manufacturing sector rose to 52.6 points in November from 51.3 points in October, IHS Markit research shows. The November PMI points to the biggest improvement in the business situation in Russia’s manufacturing sector since July 2017. Index readings above 50.0 points indicate growth in business activity, while those […]

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Cheapest Labor Since Tsars Ruled Russia a Draw for Samsung, Ikea

Truck at Russian Border Crossing

(Bloomberg – bloomberg.com – Olga Tanas, Ilya Khrennikov – November 16, 2016) Made in Russia and coming soon to a store shelf near you: washing machines, chewing gum and possibly much else. A combination of the country’s worst currency crisis since 1998 and an unprecedented slide in real wages for most of the past two years has resulted in salaries […]

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Russian manufacturing conditions worsen the most since summer 2009 in January – HSBC

File Photo of Cash, Coins, Line Graph

MOSCOW. Feb 3 (Interfax) – Business conditions facing Russian manufacturers continued to worsen at the start of 2014, PMI data from HSBC show. The overall deterioration in the sector was the most substantial since June 2009, with declines registered for output, new orders, exports, employment and purchasing, HSBC said in a research note. Meanwhile, inflationary pressures remained historically weak overall, […]

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