Russia cuts oil output by 200,000 barrels a dayBusiness & Economy March 30, 8:09
Russian historical epic Viking to be released in Italy, UKSociety & Culture March 30, 2:11
Putin visits ice cave during Arctic tourSociety & Culture March 30, 0:02
Moscow slams West’s reaction to Russian protests as part of long-planned campaignRussian Politics & Diplomacy March 29, 23:56
Putin orders Defense Ministry and FSB to ensure protection of Russia’s interests in ArcticMilitary & Defense March 29, 21:46
Kiev aware of few chances to win in debt lawsuit case — envoyBusiness & Economy March 29, 20:52
Russian top diplomat dismisses claims about human rights violations in Crimea as liesRussian Politics & Diplomacy March 29, 20:23
Moscow suspects Jabhat al-Nusra could be used to topple AssadRussian Politics & Diplomacy March 29, 19:58
Lavrov reiterates there are no facts substantiating Iran’s links to terroristsRussian Politics & Diplomacy March 29, 19:40
ST. PETERSBURG, November 1. /TASS/. The plant of Ford carmaker (Ford Motor Company) in the city of Vsevolzhsk of Leningrad region will halt production from November 14 until the end of New Year holidays, Artem Yashenkov, a representative of the plant’s trade union told TASS.
"The plant will halt production from November 14 until the end of New Year holidays," he said adding that the decision was taken following economic indicators and instability on the market.
Earlier it was reported that the plant will lay off 88 workers by mutual consent of the parties and plans to lay off 130 workers next year.
The Ford plant is a joint venture of Ford Motor Company and Russia’s Ford Sollers in Vsevolzhsk. It produces Focus and Mondeo models. In 2014, the plant switched to one-shift schedule. Also 700 workers were laid off by mutual consent of the parties. According to the Association of European Business (AEB) in 2014, sales of Ford Focus fell by 58% in comparison with 2013, sales of Ford Mondeo were down by 47%.
New Year holidays in Russia in 2017 will last from December 31 to January 8.