AvtoVAZ has told up to 15,000 employees to stay at home in March on two thirds pay.
 
Business daily Vedomosti quoted AvtoVAZ sources as saying between 10,000 and 15,000 workers would not need to come to work in March.
 
AvtoVAZ issued a statement this week that a number of workers would be put out to furlough in March on two thirds pay but did not say how many workers would be affected by the measure.

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Vedomosti said the directive applied to 10-14 percent of the carmaker’s workforce.


AvtoVAZ employs over 100,000 workers in total.


AvtoVAZ has been hit hard by a sudden slump in the Russian car market due to the economic squeeze hitting the country. The Russian car market was 33% down in January.


 

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