RUSSIA: AvtoVAZ mulls axing 12,000 jobs
According to news agency SKRIN, AvtoVAZ is planning to make 12,000 workers redundant, a move which would be one of the largest layoffs in Russia's corporate history. The report says that AvtoVAZ president Vitaly Vilchik said the company is laying off "excess workers" amid an overproduction crisis, the Ladaonline Internet newspaper reported Monday.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-auto gives its paid members access to the very best automotive market coverage.
And now there’s just-auto plus, our premium membership that gives you exclusive component forecast data, company profiles and extended news coverage - just for premium members.
Today I can offer you 30 days access for $1 - and that includes just-auto plus.
Dave Leggett, editor of just-auto
* plus VAT if applicable