Brazilian Industry Hired Less in 2005

Brazzil Magazine covers

Brazilian industry hired fewer workers in 2005 than in 2004, according to the Study of Industrial Employment and Salaries, released this Wednesday, February 15, by the Brazilian Institute of Geography and Statistics (IBGE).

According to the institute, the downward trend in industrial employment began in the final quarter of last year. Employment was off 0.7% during the period from October to December, 2005.

Employment grew in ten industrial sectors in 2005. The outstanding performers were the food and beverage sector (7.1%), transportation equipment (9.0%), and metal goods (4.6%).

Job losses were greatest in the shoe and leather goods sector (-11.7%), wood (-9.0%), and clothing (-3.6%).

The coordinator of the study, Isabela Nunes Pereira, explained that the slowdown in industrial employment reflects the sluggish pace of industrial production over the course of last year together with the high basis of comparison set in 2004, when industry grew 8.3%, considered an exceptional performance. Industrial production grew 3.1% in Brazil in 2005.

ABr

Tags:

You May Also Like

Brazzil Magazine covers

After 10 Years and With a Hand from Brazil EU and LatAm May Reach Agreement

The European Commission president José Manuel Durão Barroso and Spanish president José Luis Rodríguez ...

Brazzil Magazine covers

Brazil Expecting to Increase Its Exports in 2011 by 12%, Well Above the World Average

In a repeat performance even though not as quite as strong following the 2010 ...

Brazzil Magazine covers

TAM Adds Italy and NY Red-Eye Flight to Its International Routes

Brazilian airline TAM has received official authorization from ANAC (Agência Nacional de Aviação Civil), ...

Brazzil Magazine covers

85% of Businessmen in Brazil Betting They’ll Make More Money This Year

Brazilian businessmen are more optimistic for 2010 regarding their revenues. That’s what the Serasa ...

Brazzil Magazine covers

Brazil’s Lula Confesses Venial Sins and Hides Mortal Ones

At his first press conference since becoming president, Brazilian President Lula admitted that his ...