Enjoying ad-free content?
Since July 1, 2024, we have disabled all ads to improve your reading experience.
This commitment costs us $10,000 a month. Your support can help us fill the gap.
Support us
Our journalism is banned in Russia. We need your help to keep providing you with the truth.

Over 120,000 Russians Lose Jobs in 2015 as Crisis Hits

Russians are losing work as their country veers into recession, with about 127,000 people fired so far this year, First Deputy Labor Minister Sergei Velmyaikin said Wednesday, a news report said.

In late February, fellow Deputy Labor Minister Tatyana Blinova said Russia's rising unemployment was due to both the economic crisis and the seasonal layoffs typical of February and March. Russia's economy, weighed down by falling oil prices and Western sanctions, is expected to contract by at least 3 percent this year.

The total number of unemployed could rise to a maximum of 2.4 million over the course of the current crisis, news agency TASS quoted Blinova as saying.

The estimate of 127,000 for the year was based on a monitoring of staffing in large organizations with more than 500 employees, Velmyaikin said.

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

paiment methods
Not ready to support today?
Remind me later.

Read more