UPDATE 2-Russian car maker AvtoVAZ to cut workforce by 27 pct

Newswire

* Lada maker to cut up to 27,600 jobs * Cuts agreed with trade union * Working at 65 pct capacity (Adds details, quotes, changes dateline from Moscow) By Rimma Mikhareva TOGLIATTI, Russia, Sept 24 (Russia) - AvtoVAZ , Russia's largest car maker, said it would cut over a quarter of its workforce to cope with plunging demand in a market expected to become Europe's biggest before the financial crisis. AvtoVAZ, part-owned by French car maker Renault , said on Thursday it had agreed ...

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