The Russian government will subsidise KAMAZ and AVTOVAZ in order to protect employment

The Russian government will subsidise KAMAZ and AVTOVAZ in order to protect employment

TASS – The Russian government has allocated 1.87 billion rubles for employment protection in Tatarstan, Altai Krai, Samara and Tver regions in 2015. The aforementioned amount will prevent 35,000 people from losing their jobs. 15,800 of these staff work for KAMAZ and 2600 for AVTOVAZ.

As one may remember, AVTOVAZ was getting ready to lay off 1100 workers, including directors, experts and ordinary workers.

KAMAZ currently has 40,000 employees.