Mondi mulls separation, but not shuttering, of Russian operation
Group says it has a legal obligation to continue operating in the country, where it employs 5,300 people
13 March 2022 - 10:30
Paper and packaging group Mondi is caught between a rock and a hard place, saying on Friday it cannot withdraw from Russia because of legal obligations it has there.
The group said in a statement to the JSE's news service that because of legal obligations to supply the power needs of about 60,000 people in one region, it cannot halt operations...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.