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Every third company sent employees on unpaid leave

Every third company sent employees on unpaid leave
A third of Russia's employers could not pay their salaries during the “holidays”. According to surveys, employees of every third company were forced to go on unpaid leave on “presidential holidays”. Still more, third companies reduced their salaries or dismissed employees altogether.

According to RBCobtained after opinion polls, the first week of non-working April showed significant problems in the labor market. The study was conducted from March 31 to April 2, about a thousand enterprises took part in the survey.

Quarantine measures and the depreciation of the ruble forced Russian business to cut costs. As the survey showed, about 49% of employers transferred employees to part-time jobs with a reduction in wages. At the same time, 20% of companies reduced their salaries, but not the number of working hours. At the same time, another 20% of employers transferred employees to the given work schedule, while reducing salaries. Also, 16% of respondents said that they switched to the dismissal of employees.

With current trends, the decline in real incomes of Russian residents may be the highest since 2014. According to economists, the decline will exceed 5%.

In addition, during the year, another 28% of companies in the field of trade, services, transport, real estate and construction still have bankruptcy risk. However, most entrepreneurs are aware of government support measures. However, business communities have already sent a letter to the government with a request to subsidize the payment of salaries in the amount of 2/3 of the usual level of employee remuneration. 
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