The Sulzer board of administrators has decided to exit the Russian market.
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The Swiss engineering group, which has already significantly reduced its enterprise activities in Russia, said a sales process will begin immediately.
In an announcement, Sulzer stated that the board regrets the need of this determination “but after careful evaluate of the potential options, concludes that it is the greatest resolution for all the stakeholders.”
The firm said it is totally committed to continuing to assist its 300 employees in Russia through the method.