Uralmash JSC still having a hard time, claims Sverdlovsk Region Minister for Industry, Power Engineering and Science Vladimir Molchanov
31 July 2006 (11:22)
‘One of the Region’s largest plants, Uralmash JSC is still having a hard time,’ Sverdlovsk Region Minister for Industry, Power Engineering and Science Vladimir Molchanov noted in his interview to UrBC representative.
‘The plant found itself in a crisis when it was segmented by the owners. Fragmenting the plant into smaller parts and selling them looks rather dubious; it has already led to a dramatic decrease in the number of the employees (from 14,000 to 3,700, or almost by a factor of four). The plant’s losses amounted to 500 million RUR in 2005,’ Mr Molchanov said.
‘The plant found itself in a crisis when it was segmented by the owners. Fragmenting the plant into smaller parts and selling them looks rather dubious; it has already led to a dramatic decrease in the number of the employees (from 14,000 to 3,700, or almost by a factor of four). The plant’s losses amounted to 500 million RUR in 2005,’ Mr Molchanov said.
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