MMK to cut management personnel and pause new investment
Russian steelmaker MMK will cut 10% of management staff and pause investment. The firm is operating at 60% capacity due to weak demand and high interest rates.
Xurve View
Xurve View
One of the largest steel producers in Russia, MMK, has announced plans to reduce its management staff by 10% and suspend most new investment projects. The company is currently operating at only 60% of its total capacity as domestic demand continues to falter across key sectors.
