Russia short of around 4.8 million workers in 2023, crunch to persist: Report

Russia faces acute labour shortages due to a depleted workforce, with a shortage of around 4.8 million workers in 2023. The problem is expected to persist in 2024. Labour shortages have sharply increased, particularly in the manufacturing, construction, and transportation sectors. Companies are raising wages to attract more employees. Experts believe that the shortages will continue next year, affecting professions such as factory workers, engineers, doctors, and teachers. Poor demographics and population migration are among the reasons for the labour shortages.