Fourth Russian Automaker Cuts Workweek Amid Deepening Industry Slump
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Fourth Russian Automaker Cuts Workweek Amid Deepening Industry Slump
The Likinsky Bus Plant has joined a growing list of Russian automakers shifting to a four-day workweek. The decision was taken as Russia’s automotive industry struggles with shrinking demand and an oversaturated market.
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The Likinsky Bus Plant (LiAZ) has joined a growing list of Russian automakers shifting to a four-day workweek as the country’s auto industry faces mounting pressure from collapsing demand, according to sources cited by the state-run RIA Novosti news agency.
The decision was taken as Russia’s automotive industry struggles with shrinking demand and an oversaturated market.
“This is a necessary measure caused by a 60% decline in the bus market as a result of reduced purchases of new vehicles,” the company said.
Source: Themoscowtimes.com | View original article