MOSCOW, Feb 24 (Reuters) - Russia's AvtoVAZ will stick to a shortened work week in March and force some workers to take leave, it said on Tuesday, signalling that Russia's No. 1 car maker is still cutting costs in response to a slump in demand. Employees not involved in manufacturing cars will be put on leave at two-thirds pay, it said in a statement. Russian car sales are expected to shrink by 20-50 percent this year, depending on how quickly banks resume providing affordable car loans ...
Premium Content (PAID Subscription Required)
"Russia AvtoVAZ sticks to pay cuts, shortened week" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: email@example.com or phone: (248) 799-2642