Manpower: 17% Of Romanian Employees Might Cut Staff In 1Q 2011

The Romanian labor market will continue to face difficulties in the first quarter of 2011 when 17% of Romanian employers could cut back on staff while only 15% are considering hiring, according to a Manpower survey released Tuesday.

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Imaginea articolului Manpower: 17% Of Romanian Employees Might Cut Staff In 1Q 2011

Manpower: 17% Of Romanian Employees Might Cut Staff In 1Q 2011

Romania's employment outlook is thus two percentage points down compared with the previous quarter but nine points up compared to the same quarter the year before.

The survey polled 64,000 employers in 39 countries and territories. In Romania, Manpower grilled 750 employers.

"A visible sign that the labor market is stabilizing is that 62% of employers say they plan to keep their current staff numbers and 15% plan to hire new staff. Still, also considering the halt in activity over the winter holidays, a bigger number (17%) of employers are planning to cut back on staff in the following quarter," Eliza Nechifor, marketing and communication coordinator of Manpower Romania, said in a press release.

She added employers have trouble finding the right people for the job despite the low number of jobs available.

"It's interesting t underline that despite the low number vacancies available on the Romanian labor market, employers still have difficulty finding the right candidates to help them reach their business goals. As a result, the current period is good for people looking for a job," Nechifor added.

By sectors of activity, employers in only three of ten sectors analyzed expect to hire new staff in the first quarter of 2011. Employers in retail and wholesale commerce see a net employment outlook of +14%, the manufacturing industry sees an outlook of +10% and a +6% outlook is expected for the finance, insurance, real estate and business services sector.

The net employment outlook is a figure derived by taking the percentage of employers anticipating total employment to increase and subtracting from this the percentage expecting to see a decrease in employment.

At the opposite end, a pessimistic outlook is seen in constructions (-17%), the hotel and restaurants industry (-15%) and the extracting industry (-14%).

Hiring plans for the first quarter of next year vary across the Europe, Middle East and Africa (EMEA) region, where employers in 14 countries reported a positive net employment outlook. The strongest hiring intentions are in Turkey, Germany and Sweden, while the weakest are in Greece and the Czech Republic.

Manpower Romania is specialized in recruiting qualified people for permanent or temporary jobs, assessing and selecting staff, and offers human resources consultancy. The company has nine agencies in Bucharest, Timisoara, Brasov, Cluj-Napoca and Iasi.

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