Articole cu tag-ul: cost-cuts, IMF, unemployed

General

IMF: €3.5 bln cost cuts and a further 200,000 unemployed next year

Furthermore, the unemployment rate could peak at 10 percent in Romania in the first half of 2010, the IMF mission chief, Jeffrey Franks, said in a The Money Channel show. “Unemployment is at eight percent, and will continue to rise in the first half of 2010. I would not be surprised if it reaches 10 ...

General

Cost cuts could drive 20% of expats home

“Foreign companies will not continue to have five-six expats in Romania, but rather will keep one or two to control the business. The others will be replaced with Romanian managers,” Alexandru Talmazan, Managing Partner of the Wrightson headhunting company, said. The salary package of an expat can be even three times higher than that of ...