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No Of Romanians Working Abroad Seen Dn On Intl Fincl Crisis – KPMG

The number of Romanians working abroad, as well as of foreign employees in Romania, is expected to fall in the light of the international financial crisis, but on medium and long term, multinational companies will continue to depend on labor mobility, according to financial consultancy firm KPMG.
No Of Romanians Working Abroad Seen Dn On Intl Fincl Crisis - KPMG
27 mart. 2009, 14:53, English

In Romania, the labor mobility was subject to changes since the global economic decline started. So far, as more and more Romanians worked abroad, especially in the EU states, local companies started hiring from overseas, especially from China.

But the trend is now seen reversing, as less Romanian are seen working in other countries and subsequently the number of forreigners that work in Romania will decrease, said Madalina Racovitan, senior manager of KPMG International Executive Services department

She added the economic crisis could cause a short-term interruption of government immigration programs.

KPMG also emphasized that work and stay permit procedures for non-EU citizens are too complicated and sluggish in Romania.

Racovitan added that the unemployment and the economic crisis might represent an incentive for qualified workers and professionals in developed countries to emigrate, as they are the most affected.

KPMG is a global network of professional firms providing Audit, Tax and Advisory services.