Russia, Ralf Ringer loses €11million, yet they want to hire 200 workers. Why?

Russia, Ralf Ringer lose €11million, yet they want to hire 200 workers. Why?

The revenues of Russian shoe-making factory Ralf Ringer loses 11 million euros. Yet, despite that, they are planning something which looks (apparently) contradictory: they are recruiting 200 employees. Why?

Ringer are recruiting 200 employees

The answer is quite simple. Due to Covid-19 outbreak and lockdown restrictions, several workers “have gone back home”, heading for the neighbouring countries placed in former CSI area. Now, they cannot get back to Russia. In other words, the shoe-making factory is suffering from shortage of about 10% of their regular work staff. Ultimately, Ralf Ringer has claimed they currently employ 2,148 people in 4 manufacturing plants (located in Vladimir, Zarajsk, Moscow and Taldom), where they produce around 2 million pairs of shoes a year. Well, Ralf Ringer are now recruiting 200 employees to replace those 200 workers. In the last few months, they successfully managed to prevent any layoffs: the shoe-making factory is now aiming to “boost production capacity”.

Sales have collapsed

Andrei Berezhnoy, Ralf Ringer chief manager, announced that the company lost about 11 million euros owing to Covid-19 outbreak. In April, their earnings reached 13% compared to the same period of 2019. In May they “went up” to 30%, while in August their monthly turnover got even again compared to 12 months before. As reported on, one year ago Ralf Ringer launched its footwear production in the plant of Taldom, therefore buying out a factory which was close to bankruptcy. At present, they are planning to double their staff right here.

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