Avtovaz will suspend car production between 29 April – 18 May

Avtovaz will suspend car production between 29 April – 18 May


 

Autostat.- Avtovaz will suspend car production between 29 April – 18 May 2020. The office staff will continue working until 30 April, on the other hand, according to the company.

As one may remember, Avtovaz had resumed operations in the main conveyors on 13 April, which remained idle since 30 March, following a decree from the president of Russia on additional measures concerning the prevention of the spread of the Coronavirus.

Avtovaz plans to reduce the weekly working regime to four days as of 29 June 2020, due to the negative market predictions for the April-May period and the 30-50% shrinkage forecast made by analysts for the market in annual terms. At the same time, the company has emphasised that the aforementioned decision is provisional. “We are hoping for an improvement in the situation and the Russian government will consider the introduction of effective additional measures on demand stimulation in the domestic car market. In the event of market recovery, we may stick to the five-days-a-week working regime after 29 June” – as told by the company press office previously.