Monday, August 8, 2016

Kazakh businesses need to 'cut costs and stimulate productivity’

Translation: We will do away with some jobs.

Translation plus reality: We will hire younger people for the jobs suddenly reinstated.

“In 2005, the government estimated that 83,000 individuals of retirement age or above were still in the workforce, but by 2015, that number had ballooned to 210,000.”

“Experts” believe older people are working longer because of uncertain economy and because pension systems have been reorganized, perform poorly and money is missing.

So, the Kazakh government will help older workers by giving businesses the power to arbitrarily sack them.

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