UAC to cut more than 25% of management staff in Moscow

UAC plans to cut over 1,500 managers in Moscow, which is more than a quarter of the management staff in the capital, said CEO Vadim Badekha in an interview with RBC. Designers will not be fired. In this way, the company wants to increase efficiency and reduce losses. Corporation has been unprofitable since 2020, and its actual production of civil aircraft falls far short of the plan.