Economics
Layoffs in food/textile industries
Some 23,000 employees were laid off by 356 companies in H1 2004, according to an Employment and Labor Ministry report. Most of the layoffs occurred in the textile and food industry, while construction companies and the service sector are hiring more workers. In the period between mid 2002 and mid 2004, the trade and transport branch decreased the number of their workers, the service sector hired 110,000 employees. The employment rate increased by 1.5% at companies employing more than five people in the last 12 months. (Vg 4) G.R.
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