Ukraine’s labor market is stagnating, forcing companies in several sectors to plan layoffs.

Most employers in the main economic sectors do not plan to increase vacancies dramatically and lay off workers. However, some companies are going to adjust their personnel. They plan to fire employees more often than hire them, according to a survey by the NBU.

In the service sector, 77% of enterprises plan to maintain their current number of employees, 5% will hire new employees, and another 18% will lay off employees. Among industrial enterprises, 69% of companies will retain their current number of employees, 10% will hire new ones, and 21% will lay people off. Among trade enterprises, 74% will retain their current number of employees, 6% will hire new ones, and 20% plan to lay people off. In construction, 52% will retain their current number of employees; hiring new staff – 24%; layoffs – 24%.

Meanwhile, according to the personnel portal Work.ua, the average salary in Ukraine is currently ₴24,500 ($600).