Tuesday, February 24, 2009

Because of the crisis were not the work of 325 thousand financiers.

At least 325 thousand of the financial sector remained out of work because of the crisis, starting in August 2007. This is illustrated by the International Labor Organization (ILO), reports AFP.
According to the ILO, some 130 thousand people, ie 40 per cent of the total number of unemployed in the financial sector for all this time, lost their jobs during the period October 2008-th - the middle of February 2009. In doing so, the total number of employees in this segment of the economy, according to ILO estimates, now exceeds 20 million.
The ILO notes that, given the ongoing crisis, banks, insurance companies and investment funds expects a further reduction in staff. While most of the mass dismissals stated, inter alia, in U.S. bank Citigroup. In mid-November last year, Citigroup announced a forthcoming dismissal of 50 thousand.
Previously, the ILO issued a forecast that because of the crisis only in Asia, 23 million people will become unemployed in the current year, and more than 140 million - would be below the poverty line. According to the European Commission in 2009, work will lose 3.5 million Europeans. According to the British Center for Economic and Business Research, before the end of the year without work will remain around 800 thousand people.

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