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The Labour Market Crisis In Romania Causes, Effects And Potential Solutions

Author

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  • CINDREA Ioan

    (Lucian Blaga University of Sibiu, Romania)

Abstract

We are going through troubled times, with worldwide pandemic crises affecting us altogether: citizens, companies and states. This article presents analyses and solutions to the workforce crisis of April 2019 and the workplace crisis of March 2020. Things have escalated from a workforce crisis to a new stage, namely an accelerated loss of workplaces and to a workplace crisis. In a matter of weeks, the labour market has moved from one extreme to the other extremely fast because of a very rough natural phenomenon which could not have been predicted, i.e. the global pandemic crisis caused by the COVID-19 coronavirus. It goes without saying that we all wish to achieve a relative balance on the labour market. This study puts forward concrete solutions adapted to the situation of the Romanian labour market at the end of 2019, when we saw a significant workforce crisis which severely affected companies’ business development objectives. At the same time, it introduces 11 solutions to the new job crisis, which is quickly expanding as a result of the global pandemic caused by the COVID-19 virus and by the declaration of a state of emergency in Romania. In a few weeks of crisis, Romania went from minus 1 million workers to plus 1 million workers. This is an extremely difficult situation. However, I believe that it is temporary and that after the pandemic crisis both the economy and the labour market will gradually recover.

Suggested Citation

  • CINDREA Ioan, 2020. "The Labour Market Crisis In Romania Causes, Effects And Potential Solutions," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 15(1), pages 13-20, April.
  • Handle: RePEc:blg:journl:v:15:y:2020:i:1:p:13-20
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    File URL: http://eccsf.ulbsibiu.ro/RePEc/blg/journl/15102cindrea.pdf
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