1/ In a further sign of an economic slump in Russia, the giant vehicle manufacturer AvtoVAZ will shut down production entirely for 17 days due to falling demand and overcrowded warehouses. Its vehicles aren't selling and storage facilities are overflowing. ⬇️
2/ The Russian news outlet Mash reports that AvtoVAZ will shut down its assembly lines for almost the entire period from 27 April to 17 May, with the workforce sent on mandatory leave.
3/ Workers will be sent to do maintenance work between 27-30 April, 12-13 May will be covered by a postponement of vacation days from December, and staff will be paid at two-thirds their normal salary on 14-15 May.
4/ Those who refuse will remain on the job with reduced pay (2,648 rubles ($33) per day instead of 4,000 ($50)).
AvtoVaz has already moved to a four-day week, cut wages, and implement mass lay-offs, but it is still producing too many vehicles to sell.
5/ The company claims that the shutdown is needed to adjust production lines in advance of the new LADA Azimut vehicle, which is scheduled to launch in September 2026. /end
Sources:
🔹 mash.ru/news/210125/
🔹 oboz.info/avtovaz-ostano…
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