The wage flexibility seen during the Russian economic crises of the 1990s is evident once again during the present downturn. But this time round, there is greater overall flexibility. Taking advantage of an employer-friendly provision of the new Labour Code, companies are much more actively downsizing. Our trusted source (a leading labour market specialist) highlights the main reason: the need to retain scarce skilled labour. Striking anecdotal evidence is provided by Novolipetsk Steel....
Sorry, you do not have access to this page because you are not logged in.
If you are not a subscriber or a trialist and you want to discuss how to access our work please:
Trusted Sources helps clients identify investment opportunities in emerging markets, exploit them with greater confidence and stay alert to associated risks.
Learn more about our approach, our team and our research, as well as our media appearances.
