15 June 200910:08
Vysokogorskiy’s product prices halved, Evraz Group says
Most of Evraz Group’s members went through their greatest output downfalls (down to 50% in some cases) in the last quarter of 2008, with figures gradually rising in the first quarter of 2009, the holding’s Vice President Dmitriy Sotnikov said at a meeting with Governor of Sverdlovsk Region Eduard Rossel. The holding now employs 2,000 fewer people compared with last fall, with 500 more employees soon to be made redundant at Vysokogorskiy Ore Mining and Processing Enterprise (VGOK). The Governor said, however, that such redundancies were unacceptable. VGOK is just breaking even at the moment,