Russia’s largest carmaker AvtoVAZ has returned to a full work week for the first time in three months.
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The company introduced shortened work weeks in September, having employees work 20 hours per week and paying wages only for the time they worked.
AvtoVAZ has told the Russia Prime-Tass news agency that employees had now returned to full time working
This follows agreement late last week on a plan to restructure the Russian carmaker’s debt, shift some of its labour costs and revive its aging product lineup. A deal with 25% shareholder Renault will enable AvtoVAZ’s Togliatti plant to produce 900,000 Lada, Renault and Nissan vehicles annually by 2015.
Renault will contribute EUR240m ($360m) in the form of technology, production equipment and expertise to build new vehicles based on its low-cost Logan platform. Renault also will help AvtoVAZ expand its powertrain production capacity and develop an entry-level vehicle.
According to ASM Holding, which monitors Russia’s automotive industry, AvtoVAZ produced 202,986 vehicles in January – September, up 33.4% on the year.
