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August 5, 2021

PwC: Hire rate down 75 pc in 2009

The rate of new employment in Romania fell 75 per cent in 2009, compared to the level recorded in 2008, amid the economic crisis, while the layoff rate rose seven fold, to 7.3 per cent, according to a study by the PwC consultancy company. Also, the economic crisis led to resignation rate going down from 18.3 per cent in 2008, to only 8 per cent in 2009, according to the study PwC Saratoga Romania 2010. “Companies in Romania have a low internal recruitment rate -1.3 per cent, from the European average of 4.3 per cent. The indicator registered a significant drop from 2008, when recruitment rate in Romania stood at 11.1 per cent. This means organizations tried to maintain their workforce, while significantly reducing the number of promotions of employee shifts from one position to another,” said Peter de Ruiter, head of the fiscal and juridical Dept at PwC.

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