West Siberian Iron & Steel Plant to have 1,000 layoffs

24 September 2009 (09:11)

West Siberian Iron & Steel Plant (Evras Holding member) will have to make 1,000 people redundant on October 1, 2009. This amounts to over 6% of the staff, most of whom will be people well into their retirement age. Evraz Holding intends to provide them with the redundancy package, however. This will include incidental allowances ranging from 90,000 RUR to 200,000 RUR per worker,’ Governor of Kemerov Region Aman Tuleev was recently quoted as saying by RBC Daily.

Meanwhile, Evraz announced early in September 2009 that its enterprises went back to their full production capacity and needed all of their workers. On the other hand, the holding made 3,900 people employed at its Russia-based facilities redundant in the first half of 2009. Moreover, 15,000 people started working shorter hours.

Other materials on the topic::