AVTOVAZ will increase workers’ salaries by 6.9%

AVTOVAZ will increase workers’ salaries by 6.9%

RusAutoNews.Com – AVTOVAZ has announced 6.9% increase to tariff rates and salaries for its employees in Togliatti as of 01.07.2018. The adjustments will not affect the top management of the company.

The decision has been taken after long negotiations at the Conciliation Commission meeting between the company management and the representatives of the primary trade union organisation.

The chairman Yves Karakatzanis has made the following statement: “The company has taken the decision to raise the salaries of the employees in Togliatti by 6.9%, despite the net financial results of AVTOVAZ remained in negative figures in 2017, following negotiations with the trade union. I’m sure that the increase will affect the lives of our organisation and the families of the staff in a positive way”.

As highlighted by the chairman of the primary trade union organisation of AVTOVAZ: Sergei Zaitsev: “We are constantly in interaction with the management of the company, making specific decisions on all relevant issues. We have agreed on an increase of 6.9% at the end of the negotiations on workers’ salaries, which is over the predicted inflation rate for 2018. I’d like to thank the management of AVTOVAZ for the concrete dialog and the decision taken. We will continue to deepen our cooperation for the support of the workers of the enterprise”.