Politician says Russia vs Mexico football game will be interesting to watchSport June 23, 21:11
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Ex-premier says initiative to impeach Poroshenko stems from Ukraine’s economy collapseWorld June 23, 20:20
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Turkish ambassador to Russia: Moscow and Ankara to join efforts in war on terrorWorld June 23, 18:45
Ukraine’s finance ministry files appeal to London Court against Russia in $3 bln debt caseBusiness & Economy June 23, 18:42
Ukrainian society tired of Poroshenko’s policy — expertRussian Politics & Diplomacy June 23, 17:58
Deutsche Welle sees Russian international broadcasters as threat to European ideasWorld June 23, 17:34
Watchdog claims Telegram provides means of communication to terroristsBusiness & Economy June 23, 16:45
This week the car plant paused production altogether to readjust its workshops to a new mode of operation.
“GM-AVTOVAZ is in the process of rebalancing the assembly line to prepare for a slowdown. Starting from October 6 the assembly line will be working two shifts five days a week,” the press-service said.
Russia’s automotive industry leader AvtoVAZ in September launched a layoffs campaign.
At the end of December 2013 AvtoVAZ had a workforce of 65,800 (including 50.6% of blue collar workers). Toward the end of 2014 the personnel is expected to shrink to 53,000. The current personnel optimization is expected to slash costs.
According to the Association of European Businesses Russia’s automotive market slumped 12.1% in January-August 2014. A total of 1,582 million new cars were sold in that time - 217,000 less than in January-August 2013. The production of cars reduced by 4.6% in contrast to the same period last year to 1.2 million. The sales of AvtoVAZ’s Lada cars plummeted by 32% in August in annual terms.
There has been a slump in the market of many popular makes and models. In August alone Chevrolet sales were down by 50%, Ford, by 57%, Daewoo, by 58%, Suzuki, by 58% and Peugeot and Geely, by 56%