The Russian government has preliminarily approved a proposal from the Samara Region government to allot RUB2bn towards the modernisation of two AvtoVAX subsidiaries in January–July 2011, Oleg Fursov, head of the region’s employment department, told local media.

The funds could be provided to create new jobs at AvtoVAZ-Perspektiva and Reforming-Tsentr, which currently employ 3,500 people, Fursov told Prime-Tass.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

The government could provide the funds as part of an employment program for AvtoVAZ subsidiaries that is to be approved by 25 December.

In the wake of the financial slowdown, AvtoVAZ re-assigned part of its workforce to jobs at these subsidiaries, which were set up to focus on the reconstruction and modernisation of production.

Just Auto Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Auto Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving automotive industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now