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Zhamanak: South Caucasus Railway May Find Itself On Brink Of Bankrup

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  • Zhamanak: South Caucasus Railway May Find Itself On Brink Of Bankrup

    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

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