Metalloinvest is transferring its managing company from Moscow to Stariy Oskol in the Belgorod region.
The town houses its main manufacturing capacities. Moscow will retain financial division, GR and marketing.
The transfer has already commenced and is expected to be finished in 2018. Half of the managing company will be relocated to Stariy Oskol by July 2017. Only one third of the employees will be relocated, the rest will be hired locally, thus saving on salary. (Ukrainian metal)
