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breakingnews
16.09.2009, 09:51
1 comment
As many companies in Russia have resorted to job cuts over the past twelve months to stay afloat, foreign workers were hit hard. More than two thirds of expats who came to Russia to work have lost their jobs.
16.09.2009, 15:38
1 comment
Employees from AvtoVAZ – Russia’s biggest car company from Central Russia’s city of Togliatti – might soon be demoted to making toys, rather than cars, in an attempt to pull through the economic crisis.
08.09.2009, 15:00
It will still take a while for ordinary Russians to assess improvements in the economy, said Vladimir Osakovsky, head of strategy and research at Unicredit bank.
14.09.2009, 08:55
A novel way of exposing those who fail to pay their utility bills has been adopted by one company in central Russia. The faces of its worst-offending customers have been plastered on giant billboards across the city.
26.09.2009, 14:53
Russia’s Avtovaz says more than 27,000 jobs are to go due to plunging demand. It’s a severe blow for workers at the company, the largest employer in the city of Togliatti in the Samara region.
15.09.2009, 09:36
6 comments
The past year of economic decline has seen Washington’s influence on the wane, as well as London’s, and the way is now open for other countries to decide policy. Among them: Russia and her BRIC colleagues.
11.10.2009, 13:00
4 comments
“Crisis or no crisis”, Russia’s budget must continue to fund social programs until acceptable standards of living are achieved, President Dmitry Medvedev said during an interview with Russia’s Channel One.
21.10.2009, 16:20
1 comment
The Russian economy needs a modernization strategy to stop relying on raw materials to pull the country out of the current financial crisis, Dmitry Medvedev stated, speaking at a meeting with Russian business leaders.
21.10.2009, 02:06
4 comments
34 million Americans are relying on the food stamp program for everyday essentials. It’s mostly the elderly who are suffering.
13.11.2009, 22:38
4 comments
There’s broke and then there’s Pembroke (Illinois, that is). Located in the northern county of Kankakee, the township of Pembroke is now suffering a crushing 46% unemployment rate.
Published: 02 October, 2009, 10:23
The financial crisis in Russia has claimed 8% of the country’s total workforce, but the number of unemployed is on the decline as the economic situation improves.
