RZD Targets 2017 Cost Reduction of 0.8 B RUB

OAO RZD targets 2017 cost reduction at over 50 B RUB (0.8 B USD), the TASS quotes OAO RZD President Oleg Belozerov.

“Our target for the next year is to increase labour efficiency at least at 5%, according to the President’s assignment and we will do it whatever the cost will be”, Mr. Belozerov said. “Second, we will cut our costs at over 50 B RUB”.

Since 2016 OAO RZD has already attained cost reduction of over 60 B RUB (0.95 B USD).