The Russia-Ukraine conflict has forced many companies to close their offices in Russia and Ukraine. This disruption of work, especially in the IT sector, is likely to remove jobs in India temporarily and some permanently.
According to experts from staffing and HR firms Randstad, Xpheno and CIEL HR, jobs moving out of Ukraine and Russia include back-office functions, shared services, solution maintenance services and low- and mid-level research and development.
While experts agree that this change is likely to be temporary, others expect at least a part of it to be permanent. According to the Chief Commercial Officer of Staffing and Randstad Technologies, about 55,000 to 65,000 jobs are expected to be added to the Indian job market in the coming months as the Ukraine war continues, according to the current demands. He also said that Ukraine’s neighbors, including Croatia, Bulgaria, Belarus, Romania and Poland, depend on it for their workforce. These jobs are likely to be shifted to India either temporarily or permanently.
On the other hand, Xpheno experts expect at least 10,000 jobs to move from Ukraine and Russia to India in the next quarter of the year.
Aditya Mishra, Chief Executive Officer (CEO) of CIEL HR Services, said, “The war has disrupted the work of employees in Ukraine and companies have shifted work to other locations in the region and even India. ” Interview With The Economic Times.
Experts believe that 200 to 300 Indian companies operate in Russia in sectors like pharmaceuticals and FMCG. Additionally, almost all Indian IT firms have a presence in Europe. The growing uncertainty in Ukraine and the surrounding region could make India a hotspot to change its operations.
Other countries where companies are expected to move their operations are Brazil, Mexico, the Philippines, Singapore and parts of Western Europe.
Post Over 50,000 IT jobs likely to move to India amid Ukraine conflict: Report first appeared on BGR India.