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Public sector should shed 6,500 jobs by end of year – IMF

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Serbia’s public sector should shed about 6,500 more jobs by the end of the year, IMF Resident Representative in Belgrade Sebastian Sosa said Friday.

That is less than originally planned but, given an over-performance of revenue, it will not pose a risk to fiscal targets for this year, he said.

Addressing a press conference at the National Bank of Serbia, Sosa said a net reduction of positions in the public sector from the end of 2014 to May 2016 amounted to roughly 16,000.

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“This has certainly helped contain fiscal costs,” he said.

Speaking about public enterprises, Sosa said talks were underway on plans to reorganize the national electric power company EPS and other companies, such as Serbian Railways.

There might also be progress on that front, and quickly, he said.

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