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Company RUSAL would cut production volumes

Management of the company «Russian Aluminium» (OK «RUSAL») decided to reduce the volume of production «winged metal» by 300 000 tonnes. By the conclusion of the need for such measures, the leaders of the structure came at a recent meeting of the Board of Directors of the organization. «In light of the current market situation — when the cost of energy barely covered due to low metal quotations on the exchanges — the only true way out for us — phasing of works on the high threshold of profitability of units» — commented, «RusAl» situation of the company managers. «We will reduce the amount of aluminum produced 300 thousand tons (by stopping high-cost facilities), which will help the company» stay afloat «during this difficult time.» — Added aluminum corporation representatives.

Management of «Russian Aluminum» assured employees and investors that the program production cutbacks will have on the economic situation of workers of the enterprises are stopped minimal impact. «We will take care of the employment of the liberated workers and all costs related subsidies and compensation to those employees who have (in connection with the arrest of their enterprises) to replace the usual workspace and move to other cities — to work in the new factories of the company," — says the official «RUSAL» message.

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