Russian employers think about salary cuts and layoffs

to stay afloat after the fall of the ruble and the coronavirus, 29 percent of companies have changed HR policy – transferred employees to remote work for lower wages, cut staff and cut wages. Another 40 percent of managers expect to follow suit in the future.

According to the survey, every second company does not exclude that will reduce the workforce by approximately 13 percent and one in five intends to skimp on their employees, reducing their salaries. In addition, 63 percent of respondents said about the risk of bankruptcy.

on March 25, President Vladimir Putin in his address to the citizens spoke about the measures to support the economy in crisis due to the situation with coronavirus. In particular, small and medium businesses are invited to support the deferral of all taxes except VAT for the next 6 months, deferment on loans for the same period. For the Russians, whose income because of the adopted restrictive measures in the framework of the struggle with the Chinese virus decreased by more than 30% resolved to enter holidays on mortgages and consumer loans.

on March 26, it was reported that next week the government will launch a pilot project for granting loans to business with a zero rate for the issuance of salaries to employees.

Read the article: “Yesterday laid off 30 employees”: who will cut because of the coronavirus