The Ukraine war is creating a jobs crisis in Russia

Posted on AllSides May 16th, 2022
From The Center
REUTERS / ANTON VAGANOV

As companies flee Russia, their Russian employees are seeing their jobs suddenly vanish. Tens of thousands of such employees will be cut loose into an economy where inflation is at a 20-year-high, and where diverse, flourishing jobs were hard to find even before the Ukraine war.

McDonald’s leaves behind fast-food workers: 62,000 of them, across 850 restaurants. (They will continue to be paid until the outlets are sold to a local buyer, the company said.) Renault employed 45,000 people in Russia. Ikea’s 15,000 staff will be paid only until the end of August. Siemens had 3,000 people on...

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