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Azerbaijan’s Large Metallurgical Company to Cease Work Temporarily

Business Materials 27 June 2007 13:28 (UTC +04:00)

Azerbaijan, Baku / corr. Trend S.Babayeva / Azerbaijan's large metallurgical company, Baku Steel Company, once again faced a lack of raw materials this year.

The Vice President of the company, Ali Askeri, said on 27 June that the volume of the raw material decreases day-by-day. The company receives nearly 400-500 tons of raw materials instead of the 1400 tons necessary for production.

For this reason, a decision was made to cease the activity of the company from 2nd July for two weeks. "The work of the company will be re-established after enough reserves are collected," the Vice President said.

During this period, reconstruction work will be carried out, which had been planned for later and employees will take a holiday on 25% of their salary.

The company employs 1800 people.

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