Metinvest denies reports of mass layoffs

Nov 5, 2019 Новини

Steel mills of Metinvest group in Mariupol iron & steel works and them. Lenin did not plan to conduct mass layoffs. The information in the media about the layoffs is inaccurate, said the press service of Metinvest.
"Holding a really suspends two workshops the boiler. Lenin and one plant Azovstal in the absence of sufficient working capital enterprises. The plants are not going to reduce staff: they will be redistributed to other production processes, and in some cases output in a simple. One of the points of the collective agreement calls for 75 percent of the rate in case of suspension of production and withdrawal of employees in a simple", said the press service.
In the company of Rinat Akhmetov noted that in 2014, did not practice layoffs of staff although working conditions were tough. Reduction of Metinvest considered as an extreme measure and is not planning to conduct any of the Mariupol metallurgical enterprises, nor on his other businesses.
"The Metinvest consider all statements about mass reductions at the enterprises attempt to discredit the Group," stressed the press service.
The main shareholders of Metinvest Group are SCM Group Rinat Akhmetov (71,24%) and the Group "Smart-holding" Vadim Novinsky (from 23.76 per cent), which take part in management of Metinvest on a partnership basis.
The main holding company of Metinvest Group is Metinvest B. V. (the Netherlands, registration number 24321697), whose office is located at Alexanderstraat 23, 2514JM's-Gravenhage, the Netherlands.

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