ESTAR’s Guryevsk Metallurgical Works suspends basic operations

Friday, 14 November 2008 09:13:04 (GMT+3)   |  
       

Guryevsk Metallurgical Works (GMZ), a subsidiary of Russian steel producer ESTAR Holding (ESTAR), has suspended its steel smelting and rolling operations due to the lack of demand and raw material.

Meanwhile, the workers, who will be sent on temporary leave, are to receive under two thirds of the average wage.


Tags: Consumption 

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