The leadership of the Central Bank of Russia (Central Bank, Central Bank) plans to save some money. The regulator plans to cut head office staff to achieve this goal, layoffs about 1,000 people, informs Kommersant newspaper, citing the source.
“A reduction of 1,000 personnel is planned at the Central Bank’s head office until May. <….> The main goal is to optimize costs, ”says the material.
At the same time, the bow wave of the cuts will not be alone. It is assumed that the currency regulator’s management will make mass layoffs in the fall of this year. According to one of the newspaper’s interlocutors, “decisions on reductions were also made to regional units.” Another interlocutor stated that the Central Bank has so far taken other measures to save money.
“The Bank of Russia has already canceled material assistance to employees for vacation in the amount of two months’ salary.”
20 February The Central Bank (CBRT) in its monetary policy report for February this year estimated 2.4% decrease in Russia’s gross domestic product (GDP) in January-March 2023. According to the Central Bank, annual inflation should be 3.9%.