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ZHAMANAK: SOUTH CAUCASUS RAILWAY MAY FIND ITSELF ON BRINK OF BANKRUPTCY
11:54 31/03/2015 >> DAILY PRESS
The South Caucasus Railway may find itself on the brink of bankruptcy
in the near future - just like another Russian company, the Electric
Networks of Armenia, Zhamanak reports citing sources.
"For a long time, the company is working with a loss and has huge
debts. Therefore, it has decided to cut its jobs and reduce working
hours. In addition, the company management forces employees to take
unpaid leave in order to save some money," the newspaper says.
Source: Panorama.am
11:54 31/03/2015 >> DAILY PRESS
The South Caucasus Railway may find itself on the brink of bankruptcy
in the near future - just like another Russian company, the Electric
Networks of Armenia, Zhamanak reports citing sources.
"For a long time, the company is working with a loss and has huge
debts. Therefore, it has decided to cut its jobs and reduce working
hours. In addition, the company management forces employees to take
unpaid leave in order to save some money," the newspaper says.
Source: Panorama.am