“AvtoVAZ” intends to cut more than 8 thousand employees in 2017-2018

“AvtoVAZ” intends to cut more than 8 thousand employees in 2017-2018


TASS, July 17. “AvtoVAZ” plans to cut more than 8 thousand people in 2017-2018, said on Monday the Plenipotentiary of the President in Volga Federal district Mikhail Babich during the meeting on development of “AVTOVAZ”.

“According to “AVTOVAZ”, 6 thousand people this year and another 2.2 million people in 2018 [to be cut],” said he.

As said Babich, it is now important that the package of social guarantees in relation to redundant personnel by the shareholders of “AVTOVAZ” was saved.

“People should get all the required payments, the people should get a new profession, a new well paid jobs. All activities of the administration of the enterprise must perform so as not to create social tension,” – said the envoy.

He noted that the automotive industry is always one of the first to feel the crisis, but many countries provide direct support to the industry on a revolving basis.

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