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.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.