Add to favorite
 
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Rusal Cuts Output Amid Flat Prices
7.03.2013 08:21
Rusal Cuts Output Amid Flat Prices
Photo Credit: http://www.devos.ru

The world’s largest aluminium producer, RUSAL, has announced plans to cut its production amid unstable prices and oversupply, according to an official press release.

      The decision to reduce aluminium production at the company’s smelters by 300,000 tonnes by the end of 2013 was given a green light by the board of directors. The move is expected to help Rusal maintain its competitive edge on the world market at a time when prices are flat, power tariffs high and supply exceeding demand.

      Analysts have been less optimistic about its ability to implement the cuts, pointing to possible civil unrest in smaller towns heavily dependent on Rusal in case workers are laid off.

      Oleg Deripaska's holding has dismissed the option of downsizing, insisting that the employees affected by the decrease in output be offered alternative jobs at their current smelters, retraining programmes or positions at other plants within the group, including at new greenfield projects, reads the statement.




Author: Mikhail Vesely

Tags: Oleg Deripaska Rusal    

Next Previous


You might also find interesting:








Comment on our site


RSS   twitter      submit



TAGS:
Roman Abramovich  Russian economy  Jazz  Moscow  St. Petersburg  Russian tourism  Vologda  Paganism  Archaeology  Yuri Milner  Novgorod Region  Russian science  National Agency for Financial Studies  Krasnoyarsk Krai  Tyumen plane crush  Quest  Ural Cuisine  Russian business  Sverdlovsk Oblast  Exhibitions in Moscow  Soviet Union  Russian Nature  Kamchatka  Mercedes-Benz Fashion Week Russia  Russian Cosmism  Russian oil  Russian trade  Zapovednoye Posolstvo   Book Tickets for Concerts  Maxim Konchalovsky  Kasimov  Architecture  Maria Yakunchikova  Waste Recycling  Online Events during Quarantine  Russian Actresses  MSPU  Grigori Chukhrai  Republic of Karelia  Russia-InfoCentre  Russian Theater  Samara  Russian scientists  Russian Cinema  Vladimir Mayakovsky  book hotels in Russia  Arctic  Arts and Crafts  accommodation in Russia  Open Stunt Festival  


Travel Blogs
Top Traveling Sites