Romania Real Jobless Rate Higher Due To Voluntary Layoffs – Consultant

„Voluntary layoff plans are incredibly successful in Romanian companies because they’re quicker and there’s less union pressure to consider,” Parvu said during a seminar organized by business newspaper Ziarul Financiar and Enterprise Investors.

Parvu said voluntary layoffs change the real jobless rate „dramatically”.

Earlier this year, BPI Romania released a survey regarding the economic crisis and its consequences on companies, which showed 41% of local managers were planning on staff cuts and 45% of respondents were planning to reorganize companies.

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The average Romanian employee affected by restructuring, according to BPI Romania, is 40-45, has been working with the company for 20 years, isn’t qualified to do more than one job and hasn’t benefitted from professional training throughout his career.

„It’s a false impression that the first to go are young people, without work experience. The truth is companies fire people with work experience, which could affect their performance,” Parvu also said.

BPI Romania has been present on the Romanian market since 1996 and is part of consultancy, management and human resources BPI Group.

Romania’s jobless rate rose for the 16th consecutive month in November to 7.5%, from 7.1% in October, according to the National Employment Agency ANOFM. The total number of unemployed people was at 683,123 at the end of November, from 653,939 a month earlier.