According to employees of the Mariupol Ilyich Iron and Steel Works, the plant's owner, Ukrainian oligarch Rinat Akhmetov, has closed two shops at the plant. Employees at the closed shops are being placed on 0,75% pay and are taking unpaid leave. Only the shops with blast furnaces are operating normally.
It has also been announced that one of the workshops at the Azovstal Iron and Steel Works is planned to be closed. This will leave approximately four thousand workers unemployed.
Azovstal JSC is a monopoly in Ukraine for the production of certain types of rolled metal products, an enterprise with a full metallurgical cycle.
The Ilyich Iron and Steel Works of Mariupol is one of the largest enterprises in Ukraine. The company became part of Rinat Akhmetov's mining and metallurgical monopoly, Metinvest, in the fall of 2010.
It was previously reported that Azovmash, the largest machine-building plant in Ukraine, controlled by Yuriy Ivanyushchenko, a friend of Akhmetov, was cutting its workforce by half. Around 5 people will be left without jobs.
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