31/03/2015 11:42
South Caucasus Railway may find itself on brink of bankruptcy
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.