Because of the war in Ukraine, Wienerberger also withdraws from Russia

Date:

The number of domestic companies still doing business in Russia is decreasing again. As it became known on Wednesday, the building materials manufacturer Wienerberger is also withdrawing from the Russian market. This is justified with the ongoing war against Ukraine.

With the help of a management buyout, the company will be taken over by local management, the company announced on Wednesday. It was agreed not to disclose the purchase price.

Wienerberger boss: “Optimal solution”
In recent weeks, work has been done on a solution to keep the jobs. With the management buy-out, “an optimal solution has been found that guarantees continuity for everyone”, according to Wienerberger CEO Heimo Scheuch, according to the broadcast.

Wienerberger has been active in the Russian market since 2005. At around 40 million euros, the hollow brick activity contributed less than one percent to group turnover.

Source: Krone

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

In the elections for the National Council – Willi: The green number 1 does not have to be called Kogler

The Green Mayor of Innsbruck, Georg Willi, was “open”...

Child involved – Two seriously injured in crash involving three vehicles

On Good Friday, another devastating accident occurred on Ennstalbundesstraße...

What drives billionaires – DNA of the technology magnates: many have one thing in common

Facebook founder Mark Zuckerberg, tech magnate Elon Musk or...

Fight in Atlantic City – Aslan for UFC debut: “I’m ready, despite the pressure!”

The Viennese Ibo Aslan was only the second Austrian...