Russian truck maker Kamaz has placed most of its workers on two-week mandatory leave starting Monday because of lower demand.
Kamaz’s management will continue to work in that period, as well as some workers and engineers who will keep assembly lines operating.
Kamaz said in early October that it had switched to a four-day work week until May 6, 2009.
Daimler recently decided to scale back its plans to take a 42% stake in Kamaz.
Russia’s economy has turned down lately under the pressures of rapidly declining world energy and commodity prices as well as the impact of the international financial crisis on its banks.
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By GlobalData