Mexican Media Brands
AvtoVAZ Job Cuts Rise to 8,500
Lada-maker OAO AvtoVAZ hopes to match last year's production level at its factory in Tolyatti, Russia, in spite of firing 8,500 workers because of slow sales, The Moscow Times reports.
#workforcedevelopment
Share
Lada-maker OAO AvtoVAZ hopes to match last year's production level at its factory in Tolyatti, Russia, in spite of firing 8,500 workers because of slow sales, The Moscow Times reports.
The Moscow Times cites comments by Samara Gov. Nikolai Merkushkin to President Vladimir Putin earlier this week.
In January the Russian carmaker said it would eliminate 7,500 jobs because of slumping demand caused by uncertain economic conditions. The crisis in Ukraine, which has further shaken the country's economy, apparently has hiked the cuts by 1,000.
Russia's auto market shrank 5% last year, and it fell another 4% in the first four months of 2014, according to Moscow-based Assn. of European Businesses. AvtoVAZ's sales dropped 15% in January-April.
RELATED CONTENT
-
Ex-FCA Official Pleads Guilty in Labor Training Fund Scandal
Alphons Iacobelli, a former head of labor relations for Fiat Chrysler Automobiles NV in the U.S., has pleaded guilty of stealing millions of dollars from an employee training fund.
-
8 Rules for Getting Things Done Through People
Effective management is a timeless skill—as demonstrated by this treasure of an article from the AutoBeat Group archive. Although the tools of the trade have changed and proliferated, the basics remain the same. Here are 8 old school (and just darn practical) rules for being an excellent manager.
-
Ford Details Plans to Refurbish Detroit Train Station
Ford Motor Co. says the centerpiece for its new advanced-mobility campus in Detroit’s historic Corktown district will be the former Michigan Central train station.