According to experts, the oil and gas sector of Russia is short about 40 thousand workers this year.
Russia’s oil and gas industry is facing a labor shortage, exacerbated by economic mobilization for war and a demographic crisis. Bloomberg wrote this on Monday, May 6.
It was noted that energy companies are forced to compete for workers in the Russian army and arms manufacturers. The initial pay alone for a soldier fighting in Ukraine can be equivalent to nearly a year’s salary for the average worker in the oil and gas industry.
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This problem is not new – Russia has been facing a decline in its working-age population for almost two decades. The decline in birth rates in the 1990s was the root cause, and the COVID-19 pandemic posed a new challenge, which the full-scale invasion of Ukraine made even more tangible.
According to the latest reports from the Central Bank of the Russian Federation, a shortage of personnel is observed today in enterprises in all sectors of the economy. While the oil and gas industry appears to be running smoothly, staff shortages can have long-term effects.
“The oil and gas sector can attract workers with higher salaries, but the state enters the competition by offering military contracts,” said the president of one of the recruiting companies. of Russia.
According to Kasatkin Consulting, Russia’s oil and gas sector is short of nearly 40 thousand workers this year.
Let’s remember that the IMF predicts the reduction of the share of the Russian economy in the world GDP to a historical minimum.
Russia’s economic dependence on military spending has reached such a level that it can neither win nor lose a war.
Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.