
Russian Automakers Shift to 4-Day Workweeks Amid Market Slump
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Diverging Reports Breakdown
Russian Automakers Shift to 4-Day Workweeks Amid Market Slump
Gorky Automobile Plant (GAZ), based in Nizhny Novgorod, will switch to a shortened workweek starting in August. The move comes days after AvtoVAZ, Russia’s largest carmaker, revealed similar plans.
Gorky Automobile Plant (GAZ), based in Nizhny Novgorod, will switch to a shortened workweek starting in August, the company told the Kommersant business daily.
The move comes days after AvtoVAZ, Russia’s largest carmaker, revealed similar plans due to falling sales.
“With the current high interest rates and lack of affordable financing tools for buyers, demand fell nearly 40% for medium-duty trucks, 30% for light commercial vehicles and 60% for buses in the first half of the year,” GAZ’s press service told Kommersant.
GAZ said the reduced schedule is intended to preserve jobs, adjust production to match market demand and distribute workloads more evenly.