GAZ Group plans to lay off around 8,000 employees over the remainder of the year.
Boris Okhluchin, chairman of the regional labour union, told Prime-Tass that it would be the fourth time since the start of the financial crisis in 2008 that GAZ Group has laid off employees.
Russia’s vehicle market has collapsed this year on the back of a deep recession and severely restricted credit availability.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Just Auto Excellence Awards - Have you nominated?
Nominations are now open for the prestigious Just Auto Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!
Nominate Now
