March 2, 2016

WHILE SOME GET RIDDEN BY THE UNICORN:

Oil crisis hitting Russians hard (Phil Black, 2/29/16, CNNMoney)

The global oil crisis isn't just taking a toll on Russia's economy. It's also hitting ordinary citizens. [...]

And life is about to get even harder.

Avtovaz has had to make some big cuts. It's reducing its workweek for all employees to four days.

That means Emshanov's salary will get cut by about 20% to little more than 15,000 rubles ($200).

"It's a ridiculously tiny income," He says. Before the cuts, he had been earning about 20,000 rubles ($262).

Posted by at March 2, 2016 1:48 PM

  

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