Story perspectives

Russia's Economy Struggles: Industries Cut Jobs Amid Sanctions

10/11/2025

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Summary

Story summary

Russia's economy faces significant challenges as major industrial companies cut labor costs during a slowdown.
Mining, transport, and manufacturing are furloughing workers due to weak domestic demand and sanctions.
Cemros and Russian Railways have shifted to four-day workweeks to retain employees.
Unemployment stands at a record low of 2.1% despite rising overdue salary arrears.
Experts warn that without urgent action, the coal sector could face a crisis due to layoffs and reduced wages.

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Story summary

Russia's economy faces significant challenges as major industrial companies cut labor costs during a slowdown.
Mining, transport, and manufacturing are furloughing workers due to weak domestic demand and sanctions.
Cemros and Russian Railways have shifted to four-day workweeks to retain employees.
Unemployment stands at a record low of 2.1% despite rising overdue salary arrears.
Experts warn that without urgent action, the coal sector could face a crisis due to layoffs and reduced wages.