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In addition to the figures for unemployment, unemployment and new jobs, the Employment Service published information on collective redundancies on its website, companies that announced that they would lay off a significant part of their employees.
This information has not only allowed us to better feel the pulse of the labor market by observing if a significant proportion of employees are willing to give up or decrease in companies, but also to better understand the basic statistics: which sectors stand out and of what size.
Arno Strumila / 15min photo / Employment Service
However, such information is no longer available on the Employment Service website. It turns out that, since May, the service has decided not to publish this data.
Rūta Kajėnė, Communication Specialist at the Employment Service 15 minutes He argued that that decision was made both because of the rapidly changing situation and because of his reluctance to create unnecessary tension.
“The situation in the labor market has been changing very fast lately and the data obtained is not always confirmed. At present, they are not distributed to avoid misunderstandings and unnecessary tension ”, said the specialist.
It is true, he added, that this information will be made public again from January.
Economists: When information decreases, it is not good
When asked what misunderstandings arise from publicized group layoffs, the Employment Service did not respond. It is true that, instead of deciding not to disclose information on collective redundancies, the service could simply have clarified the information provided, such as the reason for the dismissals.
This behavior of the Employment Service was also negatively evaluated by economists, who affirmed that all the information is important.
SEB Bank Economist Tadas Povilauskas
“Any information is important for you to understand and evaluate the changes that are taking place in the economy as soon as possible. Obtaining this data allows you to better and faster track what is happening in different sectors or even in different regions “. 15 minutes said Tadas Povilauskas, chief economist at SEB Bank.
He added that it is possible to collect information on layoffs in specific companies through other channels, but it takes much more time. For example, Sodra publishes the number of employees of each company that operates in Lithuania each month, but to know where the number of employees has decreased the most, you need to have more information.
By receiving this data, it is possible to better and more quickly follow what is happening in different sectors or even in different regions, said T. Povilauskas.
T. Povilauskas considered that the decision of the Employment Service not to disclose this information could have been influenced by the companies.
“If the company has laid off 150 employees, it will not hide, the public will still know. But when the Employment Service makes it public, more eyes see it. Perhaps the companies themselves do not want such information to be public, since a large proportion of executives strive to keep information about bad news to a minimum.
The companies themselves may not want such information to be public, as a large proportion of executives strive to keep information about bad news to a minimum.
However, the Employment Service must not give in to the requirements of companies, especially since it is not confidential information and can be collected through Sodra, notes the Chief Economist of SEB Bank.
Photo by Julius Kalinskas / 15min / Alexander Izgorodin
SME Finance economist Alexander Izgorodin 15 minutes He stated that the information provided by the Employment Service on the number of unemployed, the unemployment rate and the number of job vacancies on the market was of utmost importance to him when analyzing the market situation. Information on group layoffs – additional.
However, he agrees with T. Povilauskas that the more information and indicators available, the bigger the picture can be.
It is in the public interest to have as much public information as possible that is easily accessible. Therefore, it is not in the public interest to hide or not make that information a little
“Being an economist whose data is like blood, you need a quick understanding of what is happening, I can say that it is not good when the information is shrinking. It is in the public interest to have as much public information as possible that is easily accessible. Therefore, it is not in the public interest to hide or not do a bit of this information ”, emphasizes A. Izgorodin.
Most of the workers are laid off by the plastic manufacturer.
15 minutes At the request of the Employment Service, it provided information on the notifications received by the companies in July-August regarding the planned layoffs of the group’s employees.
As can be seen from these statistics, the number of group layoffs is decreasing compared to the quarantine period.
Photos.com/Work
Since the beginning of July, 9 companies and institutions have indicated their intention to carry out layoffs, and only one has indicated that the layoffs are related to COVID-19. Plastics manufacturer DIAB has announced that it will lay off 58 workers due to the consequences of the pandemic. Due to the closure or difficult recovery from COVID-19, orders have been significantly reduced or canceled entirely with major trading partners such as India, Spain, Portugal, and Ecuador.
The travel agency Krantas Travel (laid off 21 employees), the collection agency Sergel – 13, the transport company Simeon – 20, Swiftcom Networks Limited – 37 and others are among those that have warned the Employment Service about group layoffs .
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