In Volgograd has suspended production of the steel plant «Red October»

© RIA Novosti / Michael Microchimeric in fotobounce the metallurgical factory Red October. Archival photoIn Volgograd has suspended production of the steel plant «Red October»© RIA Novosti / Michael Microchimeric the image Bank

Production at the Volgograd metallurgical plant «Red October» is suspended after the court decision on bankruptcy of the enterprise, told reporters the production Director of the plant Sergey Marchenko.

«Yesterday, after the decision on bankruptcy of the enterprise the plant suspended production. But workers today returned to work, the salary they will pay next week, there is no debt,» — said Marchenko.

The arbitration court of Volgograd region on Thursday adopted a decision on the recognition of the metallurgical plant «Red October» insolvent (bankrupt) and the introduction of competitive manufacture for six months because of debts of 600 million rubles. Earlier, the representative of the plant told RIA Novosti that the debt is repaid to the tax and the main creditor — the Zlatoust steel plant, which bought the rights-claims of other creditors.

However, in the court of bankruptcy specialist tax service for the Volgograd region has submitted documents about the current debt in the amount of 130 million rubles in tax and insurance payments. According to the NRF, in addition, the plant discovered uncovered loss of 2 billion rubles by the end of 2017, borrowed funds in the 3 billion, total liabilities of enterprises amounted to more than 8 billion rubles.

On Friday arbitration by random sampling determined the bankruptcy Trustee of the members of the «First self-regulatory organization of arbitration managers» (Moscow). They became Sergey Kharchenko.

«Red October» is one of the largest Russian manufacturers of rolled products of special grades for automotive and aviation industries. The company employs about 3.5 thousand people.