Crisis Erases 120,000 Jobs From Romania’s Textile Industry

04.10.2015 By Cristina Roşca

The financial crisis and Asian markets’ upsurge wiped out over 120,000 jobs from Romania’s textile, apparel and footwear industries during 2007-2014. However, during the same period the salaries of the over 220,000 employees left in the field soared by almost 80%, slowly heading toward the average salary in the economy.

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Keywords:
textiles
, crisis
, employees
, salaries