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ECONOMIC BRIEFS

Union warns of imminent job losses

"In the near future, 8,000 people working in engineering could lose their jobs, as well as 6,000 from the textile industry and 13,600 railway employees," said the vice-president of the Confederation of Trade Unions, Emil Machyňa. Machyňa added that several financial institutions also faced the threat of bancruptcy, and alleged that with the banking sector so endangered, the situation in Slovakia would soon be comparable to that in Russia.

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Illustration stock photo