AVTOVAZ will cut production due to crisis

AVTOVAZ will cut production due to crisis

RBK – AVTOVAZ is planning to cut production by 25,000 in Autumn. The company has taken this decision due to declining automobile sales. However, the staff will continue working without loss of shift and wage cuts.

The company has made the following statement: “AVTOVAZ has decided to cut Lada production by 25,000 in Autumn, due to falling automobile sales in Russian market, in order to optimise the stock management.”

Car and LCV sales had declined by 22.9% in Russia in July.