Another Original LR Translation: Jobless in Russia

Thousands of AvtoVAZ (Lada) workers may lose their jobs

Grani. ru

4 March 2009

Translated from the Russian by Dave Essel

Twelve and a half thousand AvtoVAZ workers have been temporarily laid off and there are plans to make 3200 of them redundant, announced Minister of Public Health and Social Development Tatyana Golikova at a session of the Federation Council. AvtoVAZ ‘s press office advised that the assembly line is currently at a complete standstill because of a shortage of components and that no date had been set for re-starting it.

Golikova went on to say that the government has allocated 12 billion roubles for government departments to purchase Russian-made automobiles. Her ministry said that most of these purchase would be made from AvtoVAZ. However, she herself went on to say that in her view this step would be “clearly unequal” to the task of ensuring employment at the plant.

AvtoVAZ employed 104,000 people as of Qtr4 2008. 6.1 million people are considered unemployed in Russia today – that’s the number of people that government statistics agency Rosstat counts as actively seeking work. At the same meeting, Golikova also mentioned that 1.97 million people are registered as unemployed at labour exchanges.

4 responses to “Another Original LR Translation: Jobless in Russia

  1. Grani has another interesting article citing the latest Global Financial Centres Index published by the City of London (see http://grani.ru/Politics/Russia/m.148297.html). It ranks the world’s financial capitals and Moscow (the only Russian city that appears on the index) ranks 60 out of 62 (only Athens and Budapest fare worse).

    About the GFCI: “The fifth edition of the Global Financial Centres Index, commissioned and published by the City of London and produced by Z/Yen Group Limited, combines survey responses from financial services professionals around the world with external indices to produce ratings and rankings of competitiveness for the world’s leading 62 financial centres. The survey covers the period from July to the end of December 2008.”

    It can be downloaded here: http://www.cityoflondon.gov.uk/scripts/htm_hl.pl?DB=col&STEMMER=en&WORDS=global%20financial%20centres%20index%202009&ALL=&ANY=&EXACTB=0&PHRASE=&EXACTP=0&CATEGORIES=&SIMPLE=Global%20Financial%20Centres%20Index%202009&COLOUR=Red&STYLE=s&URL=http://www.cityoflondon.gov.uk/Corporation/LGNL_Services/Council_and_democracy/Council_news/Council_news_and_information_releases/research_redirect.htm#muscat_highlighter_first_match

  2. Gary Marshall

    I would not trust the document. Athens and Budapest, as bad as they apparently may be, have to be better than Moscow.

    Gary Marshall

  3. Gary, any research will have the possibility of some inaccuracies. Perhaps Athens and Budapest should have been in the 60th and 61st spot and Moscow in the 62nd, but clearly Moscow is not in the top 10. You have to remember that one of the stated goals of the regime was to make Moscow a world financial capital to rival London and New York. The fact that Moscow is the only Russian city on the list (Canada has in comparison 3 cities that rank higher than Moscow with Toronto being in the 11th spot) and that Moscow is so far down (it barely made it in the index) is a slap in the face to Russia’s global economic pretensions. Muscovites see themselves as a global capital, yet this index highlights that they are still an economic backwater.

  4. You’re right on, Michel. Gary, also keep in mind that there’s a complex interplay of factors affecting the judgment of survey takers, and the survey takers’ feedback is relatively subjective. Whatever Moscow’s glowing failures in comparison to Budapest and Athens in regards to regulation, bureaucracy, and quality of life, it undoubtedly still has plenty more capital there. That counts for something – not everything, but something. And in all fairness, Budapest and Athens do have their share of problems. I’d still take either over Moscow any day of the week, but they’re not high on my personal list for anything other than a stop as a tourist.

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