Due to a deficit of blue collar workers Russian companies are forced to raise the salaries by 20% year over year. But this is not enough as such workers are often sought after by the military industrial complex and companies in the occupied territories.
There's a shortage of 2,5 to 5 million blue collar workers in Russia. Some companies lost 70-80% of their workers which were lured to work in the occupied territories where they are immediately offered a new apartment and double their previous salary.
According to Kommersant factories are offering 200 000 rubles for specialists. And a lot prefer to work in the Military Industrial Complex on a rotational basis through factories which offers extra pay.
Recruiting people from another region isn't the answer as you have to provide a bonus for relocation and housing so 70-80 000 rubles becomes 120-130 000 plus rent. In Moscow it's even more difficult with a company offering 250 000 for a Lathe worker and not finding anyone.
Another option to deal with this shortage is to employ migrant workers however after the terrorist attack on Crocus City Hall that's become more difficult especially for people experienced with working on industrial machines.
I honestly still see lots of low paying jobs at factories but these are remaining vacant and some factories have hundreds of such open positions. You can go through my past posts and see how not all military industry can offer such salaries.
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The rate at which the volume of cargo turnover at Russian ports decreases is increasing. For the period January - April 2024 the decrease was 4,3% whilst for just Q1 the decrease was 3,3%. The main reasons for this decrease are gasoline and coal shipments
For the first 4 months of 2024 cargo turnover decreased by 4,3% to 288,4 million tons or 12,8 million tons less. Shipment of liquid goods decreased by 5,1% and of dry goods by 3,4%. The decrease was greatest in the Azov-Black Sea basin where shipments were down 7 million tons.
The decrease in the Baltic was 2,2 million tons, in the Far East it was 2,5 million tons and in the Arctic it was 2 million tons. The most noticeable drop was in the shipment of coal which decreased by 15% or 10,5 million tons to 59,5 million tons.
I have issues with the statements that Russia is recruiting 30 000 for the war every month. If we looked at the unemployed statistics for 2022 and 2023 we see a decrease by almost 520 000 in 2022 and 560 000 in 2023. This is for all unemployed ages 15-72 with >50% being women.
We also have population decline in 2023 by 530 000 and pensioners increase by 575 000. Which is the real big reason behind Russia's unemployement decrese. Now those 30 000 predominantly male recruits could be hidden in some growth of labor participation.
But labor participation has remained sort of similar throughout. I don't think there's enough people there to sustain over 350 000 a year worth of almost entirely male recruits that's being claimed. And again the figures include cohorts that are unrecruitable.
Russian gasoline production the week of 1st-7th of April declined again to 754 400 tons and diesel production dropped further than before to 1 585 100 tons. In 2023 during the week of 3rd-9th of April gasoline production was 833 200 tons and diesel production was 1 769 000 tons.
Gasoline prices for Ai-92 rose slightly from 50,62 rubles to 50,67 rubles per liter. For Ai-95 also rose slightly from 55,30 rubles to 55,41 rubles and for Ai-98 prices rose from 68,70 rubles to 68,91 rubles.
Link to the gasoline and diesel production from the prior week:
Ru business news 01/Apr/2024 part 2:
Ru pharmacies have run out of the oncology medication uromitexane. In 2023 6 900 packages were importer in Ru compared to 56 700 in 2022 and 46 300 in 2021. The generic available in Russia called mesna-lens is also out. kommersant.ru/doc/6608891
Russia's mobile telecom Tele2 will do a rebranding by the end of 2024 as its license to use the Swedish Tele2 brand expires on December 31st 2024.
We have data on the Ru weekly consumption of gasoline for March, it rose by 13 000 tons per day in March to 794 000 tons a week and currently Ru oil firms are supplying more to the market than they are producing with 13-19 of Mar supply of 779 400 tons.
The Russian oil companies are covering the deficit via an accumulated pool of 1,9 million tons of gasoline as of March 22nd. However a smaller part of that is high octane gasoline due its production being impacted for a while now.
The repairs of Lukoil's Nizhny Novgorod facility and its broken Western parts now are said to take not a few months but from several months to 2 and a half years. We also know the daily refining capacity of Ryazan and Syzran, 35 000 and 17 000 tons.
A thread on how Russian aircraft manufacturers are doing when it comes to staffing. It's far from the image being cultivated that everything is running smoothly. Many of these entities shed thousands of workers prior to 2022. Salaries are quite low with lots of offers < 50 000.
Tupolev - Kazan
Short 3000 workers to carry out its assigned projects based on the CEO giving an interview in late February 2024.
36 different open positiosn starting from 25 000 roubles
Helicopter Factory - Kazan
158 different open positions with offersoffers start from 20 000 roubles.
They hired 400 workers in 2022 but only 76 were old workers the rest largely had no experience. Because they were pushed to bankruptcy in 2017-2018 they were cutting workers.