MOSCOW, September 3 (RIA Novosti)
- Rusal Workers Protest Plant Closure
- RusAl Profit Drops on Weak Prices, Higher Costs
- RusAl Denies Plan to Close Jamaican Alumina Plant
- Nigerian Court Scraps RusAl Aluminum Plant Purchase
Russian aluminum company Rusal has said it earmarked more than 200 million rubles ($6 milllion) to modernize an aluminum smelter in the Urals in the next two years, following demonstrations over the weekend about the future of the facility.
The firm also said it had made "a principle decision" not to lay off workers at the Bogoslovsky Aluminum Smelter, as earlier planned, in comments made by Rusal's press service. The company has said Bogoslovsky, in the town of Krasnoturyinsk, has been unprofitable because of increased energy costs.
The move comes after two separate rallies in the town on Sunday: one protesting cutbacks in production at Bogoslovsky announced by Rusal last week, and the other electricity cost hikes.
In the statement, the firm also dismissed a threat by Krasnoturyinsk lawmaker Ildus Khakimov to launch a hunger strike in a bid to "save the plant" as "self-advertisement" ahead of mayoral elections in the town.
Add to blog
You may place this material on your blog by copying the link.
Image Galleries: Yury Gagarin: A down-to-earth person
Infographics: The Linguistic Diversity of the Planet
Ukraine has not preserved its 1991 borders. The signing of the Geneva memorandum on April 17 reaffirmed the willingness of Russia, the United States and EU countries to reach a compromise. While the sides continue to trade tough talk and symbolic sanctions, the Kremlin and the White House are also holding a parallel dialogue on the coordinated geopolitical revision of Eastern Europe.