VSMPO-Avisma’s management to explain low tax payments

Governor of Sverdlovsk Region Alexander Misharin said the top executives of Verkhnyaya Salda-based VSMPO-Avisma Corporation would have to come to a special committee meeting.

Mayor of Verkhnyaya Salda Nikolai Tikhonov explained to Alexander Misharin in the course of a videoconference that the town’s own revenues for 2009 only amounted to 72% of the sum obtained in the year 2008, and the forecast for the year 2010 said the tax payments would only reach 62% of the sum received in the year 2009. The Mayor claimed the town’s dropping revenues had to do with shrinking production at VSMPO-Avisma Corporation (the company that employs over 40% of the local population).
‘The corporation is going through a difficult time, so the pay fund has shrunk dramatically, and over 1,300 retirement-age workers had to leave,’ Tikhonov said.

‘Now Verkhnyaya Salda’s primary employer is not the most troubled and the poorest enterprise we’ve got; they have some growth potential as the aviation industry has been placing more orders with them lately. That’s why the management will have to report to the government committee. We can’t allow them to let us down,’ declared Alexander Misharin.

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