Russia-Ukraine conflict has forced many companies to close their offices in Russia and Ukraine. This disruption of work, especially in the sector IT, will likely result in some jobs being temporarily relocated to India and some permanently.
According to experts at staffing firms Randstad and HR, Xpheno and CIEL HR, the jobs that will be relocated from Ukraine and Russia will include back-office functions, shared services, solutions maintenance services, and low- and mid-level research and development.
The chief commercial officer of staffing firm Randstad Technologies said about 55,000 to 65,000 new jobs will be added to the Indian labour market, depending on demand, if the war in Ukraine continues in the coming months. He also said Ukraine’s neighbouring countries, including Croatia, Bulgaria, Belarus, Romania and Poland, are in need of workers from Ukraine. These jobs are likely to be temporarily or permanently relocated to India.
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On the other hand, experts from Xpheno expect that at least 10,000 [wpdiscuz-feedback id=”p8589gck1m” question=”Please leave a feedback on this” opened=”0″][/wpdiscuz-feedback]jobs from Ukraine and Russia will be relocated to India in the next quarter.
“Due to the war, the work of employees in Ukraine has been disrupted and companies have shifted work to other locations in the region and even to India,” Aditya Mishra, Chief Executive Officer (CEO), CIEL HR Services, said in an interview with the Economic Times.
Russia-Ukraine conflict has forced many companies to close their offices in Russia and Ukraine
Experts believe that there are 200 to 300 Indian companies operating in sectors such as pharmaceuticals and FMCG in Russia. In addition, almost all Indian IT companies have a presence in Europe. Increasing uncertainty in Ukraine and the surrounding region is likely to make India a hotspot for relocating their operations.
Other countries to which companies are likely to relocate their operations include Brazil, Mexico, the Philippines, Singapore and parts of Western Europe.
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