Ufaleinickel will halt its operation on April 1. The corresponding decision has been taken by the shareholders because of the unfavorable financial and economical situation.
The employees will be sent in idle vacation with 2 thirds of the average salary.
The company started experiencing problems after the world nickel prices dropped and coke prices increased.
9 companies were interested in working on Ufaleinickel sites. 730 out of 2195 employees have already been sent to the idle vacation. (Ukrainian metal)