Brazil: one in three businesses prepares layoffs for the beginning of the year

Cutting short rumors and assessments from independent sources, the Brazilian Ministry of Labor finally recognized that a record in terms of job cuts was reached at the end of 2008. According to data provided by the National Register of Employees and Jobseekers (Cadastro geral de empregados e desempregados), 654.946 jobs were removed from the market in December 2008, a month which is always filled with dismissals. To compare, in December 2007, 319.414 jobs were cut. These figures don’t take into account the underground economy, which was also affected by job cuts. The country is also ending on a negative note in terms of job creations: 1.45 million jobs were created as opposed to 1.62 million in 2007. Besides, last year, the number of applications for unemployment benefits went from 6.3 million to 6.8 million.
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ke into account the
underground economy, which was also affected by job cuts. The country is also
ending on a negative note in terms of job creations: 1.45 million jobs were
created as opposed to 1.62 million in 2007. Besides, last year, the number of
applications for unemployment benefits went from 6.3 million to 6.8 million.

Many layoffs in January. Nothing
foreshadows that the situation could get better.
A study carried out by the prestigious Getulio Vargas Foundation shows that
about one thi

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