cross-posted from: https://mander.xyz/post/50886341
A majority of Russian companies have effectively frozen hiring through the end of the year as weakening demand ripples through the economy, according to a report by the Central Bank.
The findings point to a broad shift in the labor market after several years of acute worker shortages, suggesting that slowing economic activity is beginning to ease pressure on employers — though without triggering widespread layoffs.
Some 64% of companies surveyed by the regulator said they do not plan to change staff numbers this year, citing subdued demand for their products.
The share was highest in transport and logistics, while firms in industry, mining and manufacturing were less likely to report a hiring freeze.
…