Nine Makeyevka companies come under receivership

Nine Makeyevka-based companies have gone into the receipership since 1 March, reports Kirovsky district administration's head Valentina Kharlashka.

“Receivership is a standard world practice, for example, in case of bankruptcy the government applies this procedure in order to preserve workers’ rights,” said Kharlashka .

“In our case, it was caused by the Ukrainian blockade of the Republics.”

Among the companies coming into DPR legal fold, there are such giants as the Yasinovataya and Makeyevka coke plants and an affiliate of the Yenakievo steel plant. On Thursday, the DPR receivership officials discussed current issues with workers of the largest companies in Makeyevka and Enakievo.

About 60 empoyees gathered in Makeyevka and 30 in Yenakievo. The DPR officials addressed the reasons behind the receivership and reorientation to Russia's market. The Makeyevka Coke Plant human resources deparmtent's director Alexander Morozov supported DPR authorities’ actions.

“We remember our plant’s being on the brink of stopping, but thank God, we avoided that fate,” said Morozov, adding that all employees continued working and that coke production was ongoing. “Thanks to the receivership, we’ll have raws and a sales market,” he added.

DONi News Agency