The Sulzer board of administrators has decided to exit the Russian market.
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The Swiss engineering group, which has already considerably reduced its enterprise actions in Russia, mentioned a sales course of will begin instantly.
In a press release, Sulzer stated that the board regrets the necessity of this determination “but after careful evaluate of the attainable options, concludes that it is the greatest resolution for all of the stakeholders.”
The firm mentioned it is totally dedicated to continuing to support its 300 staff in Russia through the method.