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Norilsk Nickel will reduce costs without compromising the social program

Management MMC «Norilsk Nickel» plans to revise the previously planned expenditure. The journalists learned from the CEO — Vladimir Strzhalkovsky, which, in preparation for the harmonization of the organization's budget, held a series of meetings with the heads of branches and divisions of MMC.

In particular, according to Mr. Strzhalkovsky, at the moment, «Norilsk Nickel» Managers are actively discussing the investment programs of the corporation with respect to the mineral resource base and on modernization of metallurgical and processing complex organization. «The difficult situation in the global market of non-ferrous metals sector, dictates the need for operators to review their expenditure. We also plan to make some changes in their own plans for financial investments, but they do not affect social projects. Mainly budget cuts will be carried out by adjusting the schedule of investments in the renewal of equipment and optimization of the procurement policy of the company, «- he said in an interview to journalists the head of the steel corporation.

Recall that the management of «Norilsk Nickel» shall examine the desirability of reducing its own budget in September. Then it came to spending cuts of 10% of the previously planned amount of 95 billion rubles.

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