OREANDA-NEWS. October 26, 2009. JSC Irkutskenergo plans to complete the purchase of Vostsibugol (KVSU) company in October. The decision to purchase 100% of shares of Resourceserviceholding was approved by the Board of Directors in July; the first 15% of shares were purchased in September, as sated in the press release issued by Irkutskenergo. Due to gradual integration of KVSU into the structure of JSC Irkutskenergo, Vostsibugol company started personnel changes that may affect 6% of the managerial personnel. By the end of October a part of employees (190 people) will be transferred to the corresponding structures of JSC Irkutskenergo. Besides, KVSU plans to dismiss around fifteen people who work in the administrative and managerial services for achievement of an efficient system of management and exclusion of doubling functions of the companies’ management.

The plan of reduction will concern only the managerial personnel, according to the press release.

Resourceserviceholding includes Vostsibugol Company ltd, Kassyan Concentrating Plant ltd, Ore Repair Plant ltd, 92.69% of the shares of JSC Tulunsky Open Pit and Svirsk Ore Repair Plant ltd.

JSC Irkutskenergo is a coal company that includes thermal and hydro electric stations, thermal networks and coal assets. The Federal Agency for State Property Management possesses 40% of the shares of JSC Irkutskenergo, and the largest Russian private energy company EuroSibEnergo (belongs to En+Group), 50.19% of the shares.