23.03.2026, 12:56
The head of Russian Railways was reassigned for another five years
Source: OREANDA-NEWS
OREANDA-NEWS Russian Prime Minister Mikhail Mishustin has signed a decree on the reassignment of the General Director and Chairman of the Board of Russian Railways (RZD). Oleg Belozerov for another five years. This is reported on the government's website.
Belozerov became president of Russian Railways by 2015. Two years later, he was appointed to the position of CEO of the company, and in 2021 he was reassigned for five years.
Earlier, the head of the company said that this year Russian Railways plans to reduce 15 percent of the staff of the central office. In total, about six thousand people will be out of work, primarily the administrative and management staff, including the management of branches.
For the first time, the upcoming layoffs at Russia's largest employer became known in the fall of 2025. Then the company confirmed the management's plans, explaining that the optimization is aimed at "improving efficiency in the face of reduced work volumes and a difficult economic situation."
By the end of 2025, the total revenues of Russian Railways increased by 9.5 percent, and the profit from sales increased by 16.3 percent. Net profit increased by 0.7 percent, to 14 billion rubles, but net debt increased by 20 percent, to 3.33 trillion rubles.
Belozerov became president of Russian Railways by 2015. Two years later, he was appointed to the position of CEO of the company, and in 2021 he was reassigned for five years.
Earlier, the head of the company said that this year Russian Railways plans to reduce 15 percent of the staff of the central office. In total, about six thousand people will be out of work, primarily the administrative and management staff, including the management of branches.
For the first time, the upcoming layoffs at Russia's largest employer became known in the fall of 2025. Then the company confirmed the management's plans, explaining that the optimization is aimed at "improving efficiency in the face of reduced work volumes and a difficult economic situation."
By the end of 2025, the total revenues of Russian Railways increased by 9.5 percent, and the profit from sales increased by 16.3 percent. Net profit increased by 0.7 percent, to 14 billion rubles, but net debt increased by 20 percent, to 3.33 trillion rubles.
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