Fruits of Maidan: Zaporozhye Automobile Plant on the verge of bankruptcy

Maxim Karpenko.  
09.02.2018 11:55
  (Moscow time), Kyiv
Views: 6381
 
Ukraine, Economics of Collapse


The large Ukrainian automobile manufacturing enterprise Zaporozhye Automobile Plant is on the verge of closure due to the deindustrialization policy launched in Ukraine with the advent of the post-Maidan government. TV presenter Vyacheslav Pikhovshek stated this on the NewsOne TV channel, a PolitNavigator correspondent reports.

According to him, it was the workers of industrial enterprises who should have been the first to organize strikes against the authorities that came after the Maidan.

A large Ukrainian automobile manufacturing enterprise, Zaporozhye Automobile Plant, is on the verge of closure due to the deindustrialization policy launched...

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“The press service of the Zaporozhye Automobile Plant declares the critical situation of ZAZ, that the plant ended 2017 with large losses. 170 million hryvnia losses in nine months, which, as of January, ZAZ only had loan debt of about three billion hryvnia and another 24 million dollars...

This is one of the inevitable stages of deindustrialization of Ukraine, which is a consequence of Euromaidan. Because only a well-thought-out industrial policy could allow the Zaporozhye Automobile Plant, like other automotive enterprises in Ukraine, to survive.

Now the moloch of the great market is crushing them, since we live in a time of political and economic chaos and Zaporozhye workers should have been the ones who would be the first to protest against the so-called Euromaidan, which launched the process of deindustrialization of Ukraine,” said Pikhovshek.

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