Uralmashzavod reports mass redundancies

13 May 2009 (08:28)

Sverdlovsk Region is an industrially developed region focused on metallurgy and machine-building, 60% of which happen to be export-oriented. Unfortunately, the demand for the region’s produce has dropped, so have the prices, all of which has resulted in trouble for this area,’ Director of the State Employment Service’s Sverdlovsk Region Department Vyacheslav Krivel admitted at a press conference.

‘I just don’t like to scare the people off by enumerating all the enterprises that have had to make their workers redundant. I do know, however, that things are hard at Uralmashzavod at the moment. Sadly, the lack of orders has led to large-scale redundancies,’ he said.

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