RusAutoNews.Com – According to Interfax, Avtovaz has made the decision to liquidate the Volga Machine Building Plant (VMZ).
VMZ supplied Avtovaz with necessary components for automobile assembly and technological equipments. The company also took part in the production preparations for Lada Vesta.
About 700 employees will be transferred to other plants of Avtovaz. Other 500-700 employees who resign on mutual agreement will receive four salaries compensation.
AVTOVAZ has acquired VMZ in November 2014: AVTOVAZ has acquired VMZ machine building plant
