Uralvagonzavod Concern, part of Rostec, announced optimization of its expenses

Uralvagonzavod Concern, part of the Russian Rostec State Corporation, which is located in Nizhny Tagil, has optimized its administrative and management costs without resorting to staff expansion during this process. This was announced on November 7 by the company's press service.

"In modern conditions, like any other company, UVZ is undergoing restructuring, which primarily affects the optimization of administrative and management costs. All procedures are carried out strictly within the framework of the current labor legislation," the TASS press service reported.

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