Nord Stream AG fires all employees in Swiss City of Zug

Nord Stream AG fires all employees in Swiss City of Zug
# 01 March 2022 14:11 (UTC +04:00)

Swiss-based Nord Stream AG, the company in charge of building Russia's Nord Stream 2 gas pipeline, has fired all its employees in the city of Zug, APA reports citing Sputnik International

Layoffs were introduced amid the freezing of the project's certification in Germany and the imposition of US sanctions on the firm.

"We have learnt that all the staff of Nord Stream 2 [...] in Zug, i.e. more than 140 people, have been made redundant,” Swiss Economy Minister Guy Parmelin told RTS Swiss public radio on Monday evening.

The pipeline operator has not yet commented on the decision.

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