District head: all people on board crashed helicopter in Transbaikal deadSociety & Culture October 24, 8:16
Sergey Ivanov: Russia is ready to open new page in relations with U.S. after electionsRussian Politics & Diplomacy October 24, 4:10
Qatari former Emir Sheikh Khalifa bin Hamad Al Thani dies aged 84World October 23, 23:08
Russia’s health ministry plans to build vaccines plant in EcuadorBusiness & Economy October 23, 20:19
Cygnus cargo spacecraft docks to ISSScience & Space October 23, 19:44
Whereabouts of several residents of blast-destroyed house in Ryazan not yet establishedWorld October 23, 18:50
Zakharova: no cyberattack on Russian foreign ministry’s websiteRussian Politics & Diplomacy October 23, 18:29
Russian Minister of Energy: Russia, Saudi Arabia begin new stage of energy cooperationBusiness & Economy October 23, 17:32
Russia not ready to say whether it will cut oil production or freeze itBusiness & Economy October 23, 17:29
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%