Massive layoffs of workers are coming in Russia in 2027, - head of the Russian Union of Industrialists and Entrepreneurs Alexander Shukhin.
The head of the Russian Union of Industrialists and Entrepreneurs (RSPP), Alexander Shukhin, announced the risk of mass layoffs. According to him, the business no longer intends to suffer losses and keep employees for the sake of "social burden".
Shukin said that there will be no reduction in the key interest rate at least until February 2027. At the same time, he pointed directly to the consequences of such a policy: the economy could enter negative territory or get stuck at zero.
According to the head of the Russian Union of Industrialists and Entrepreneurs, companies are tired of hoping for the best. Until now, many have kept workers, and transferred them to work for three or four days, but in the future this will be economically unprofitable.
"But in fact, she (Naviolina - IF) understands very well that the economy in 2027, under conditions of high tariffs and high taxes, and a reduced budgetary impulse, may enter negative territory, or at least approach zero. Investments can be above zero only because of investments in the rehabilitation of refineries and other damaged facilities - and the company does not only have a defective reason for rehabilitation, and it is possible that the company will avoid other damages. 0.5 (% of GDP growth - IF) But in general, of course, today many companies that maintained the number of employees by switching to three days, four days and so on, will start making cuts," Shukin said.