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Russia’s AvtoVAZ Carmaker to Slash Staff Pay

Russian carmaker AvtoVAZ will cut compensate for a roughly 50,000 staff by 20 percent as a country’s mercantile retrogression leads to decreased automobile sales.

The carmaker’s boss, Bo Andersson, pronounced Thursday that employees would be put on a four-day week from Feb. 15, news website Gazeta.ru reported.

AvtoVAZ, formed around a sprawling prolongation formidable in a Volga city of Tolyatti, has partnered with France’s Renault and Japan’s Nissan and modernized a automobile operation in new years, though Lada sales fell by one-third final year as a country’s automobile marketplace engaged neatly for a second year.

Labor Minister Maxim Topilin was quoted by news group RIA Novosti final week as observant AvtoVAZ would expected cut adult to 2,000 staff this year.

Many Russian companies have opted to revoke hours and compensate rather than lay off workers given a nation entered retrogression final year. Overall stagnation has remained next 6 percent as a result, though normal salary final year shrank in genuine terms by 9.5 percent, according to a Rosstat state statistics service.

Article source: http://www.themoscowtimes.com/article/557309.html