“EMPLOYMENT GROWTH IN Serbia? Unrealistic, layoffs are yet to happen”
The number of employees in Serbia increased by 44,422 people compared to the same period last year, but the increase in employment by 2.3 percent can be primarily attributed to the increased engagement of seasonal workers.
The growth of employment is recorded in the processing industry, construction, wholesale and retail trade and repair of motor vehicles, newspaper reports.
Dragoljub Rajic of the Business Support Network believes that problems related to maintaining the employment rate are yet to come, especially following the expiration of state aid in the formal sector, which will cause a decline in employment in production industry.
“As soon as there is no help, the reality will strike. A bigger decline in real employment will happen in the first months of 2021, which are traditionally bad for placement of products and services,” says Rajic.
The increase in employment in the third quarter was contributed by seasonal jobs during summer in catering industry and tourism, which raised the overall employment rate, but only briefly. The reality, however, is completely different, adds Rajic, because most hotels in Belgrade are announcing closure due to excessive maintenance costs, and around 5,000 jobs have already been lost.
“It is similar in tourism, and this year the auto industry is recording a reduction in employment as well,” he points out.
Foto: Beta AP