Rezhnickel to Lay Off 900 Workers
15 March 2017 (13:53)
UrBC, Yekaterinburg, March 15, 2017. Rusnickel’s Rezhnickel is planning to make 917 people redundant as the company is going in liquidation, Deputy Head of Sverdlovsk Region Labor & Employment Department Natalia Bordyugova said at a press conference in Yekaterinburg.
The news of liquidation was first made public in January 2017. As UrBC reported earlier, the decision was made because of the falling nickel prices and London Metal Exchange.
Rusnickel makes high quality nickel in Chelyabinsk and Sverdlovsk Region-based enterprises and is Russia’s second largest nickel producer and supplier. The company comprises Ufaleynickel in Verkhny Ufaley, Chelyabinsk Region, Rezhnickel in Rezh, Sverdlovsk Region, and Serov Ore Company in Serov, Sverdlovsk Region. The enterprise employed over 3,500 people last year.
The news of liquidation was first made public in January 2017. As UrBC reported earlier, the decision was made because of the falling nickel prices and London Metal Exchange.
Rusnickel makes high quality nickel in Chelyabinsk and Sverdlovsk Region-based enterprises and is Russia’s second largest nickel producer and supplier. The company comprises Ufaleynickel in Verkhny Ufaley, Chelyabinsk Region, Rezhnickel in Rezh, Sverdlovsk Region, and Serov Ore Company in Serov, Sverdlovsk Region. The enterprise employed over 3,500 people last year.
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