Losses incurred by metallurgical, machine-building enterprises in Ural Federal District go up 3.5 times in 2013
24 October 2013 (09:05)
October 24, 2013. The losses incurred by metallurgical and machine-building companies based in Ural Federal District increased by 3.5 times in the year 2013, Plenipotentiary Representative of Russian Federation President in Ural Federal District Igor Kholmanskikh said at an Economic Policy Council meeting in Yekaterinburg today.
He explained that things grew more complicated in the machine-building and the metallurgical fields as of late, so in the nine months of 2013 these branches’ production indices dropped below zero.
‘This resulted in layoffs and an increased number of unpaid leaves as well as a greater number of part-time workers. Four enterprises have announced large-scale redundancies already,’ Kholmanskikh said, without giving the company names.
He explained that things grew more complicated in the machine-building and the metallurgical fields as of late, so in the nine months of 2013 these branches’ production indices dropped below zero.
‘This resulted in layoffs and an increased number of unpaid leaves as well as a greater number of part-time workers. Four enterprises have announced large-scale redundancies already,’ Kholmanskikh said, without giving the company names.
 | Embed to Blog |  | Subscribe to Newsletter |  |
Other materials on the topic::
- Ural Federal District: Retail Trade Turnover Down 7.3%
- MMK DG Boris Dubrovsky proposes some initiatives at Economic Policy Council meeting
- Uralvagonzavod to hire up to 14,000 people in Nizhniy Tagil by 2020
- Development Corporation’s New DG gets introduced to Ural Federal District’s constituency heads
- Uralvagonzavod employees receive state awards