Agricultural enterprises dominated those who did not change or even raise wages after the start of the war in Ukraine.
After the start of the full-scale invasion of the Russian Federation in Ukraine, the fall in wages in the country, in the private sector, averaged from 25% to 50% compared to the pre-war period. Wages in the mining and construction industries dropped dramatically. This was announced on Monday, June 6, by the National Bank of Ukraine in the monthly macroeconomic and monetary analysis.
The report says that in Ukraine the share of those businesses that have reduced wages by 10-50% is gradually growing, especially in the sectors of energy, services, transport and trade.
“Most businesses can not afford to pay salaries at the level before the war,” the NBU notes.
It has been noticed that, for their part, agricultural businesses dominate those who have not changed or even increased their wages.
Financiers paid attention to the fact that salaries in May were 10-60% lower than in pre-war.
In May, compared to April, wages rose for drivers, doctors and pharmacists, in the processing industry and agriculture.
In the public sector – staff are partially sent to idle time paid 2/3 of salary.
“Household incomes are supported by social benefits, increasing pensions and increasing monetary payments to the military,” the NBU said.
They added that the share of businesses has stabilized (more than 30%), which significantly reduced the number of employees and did not change their number. The weighted average employment rate has improved due to seasonality. In addition, it was 25% lower than before the war (by 40% at the beginning of March). The growth in the number of vacancies is significantly lower than the growth of resumes even for IT specialists.
Recall that since the beginning of the Russian invasion, the authorities have paid more than UAH 140 billion in pensions, as well as more than UAH 50 billion in teachers and doctors.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.