325 LARGEST ORGANIZATIONS IN ARMENIA POST 5.4% STAFF REDUCTION IN MARCH 2009
/ARKA/
May 21, 2009
YEREVAN
Armenia posted a 5.4% year-on-year staff reduction in March 2009,
with 99,513 employees being listed in the roll of the local leading
companies.
According to the Analysis of the March 2009 monitoring of Armenia’s
major taxpayers (available on the RA State Revenue Committee’s
website), the reason for job cuts is the ongoing global financial
crisis.
Despite the global recession, wage allocations rose 4.6% to 13bln
drams in Armenia in late march. The country saw a 3.6% quarterly
staff reduction, with 99,842 employees being recorded in the reporting
period.
Quarterly wage allocations rose 5.4% to 38.1bln drams. ($1 – 372.82
drams)