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GAZ Group is laying off about 6,500 people from its main production site in Nizhny Novgorod, a GAZ spokeswoman said Tuesday.
The layoff has been planned since March, when GAZ told the regional unemployment services about its decision, the company said in a written comment.
There are about 40,000 people employed in GAZ Group. The layoffs will affect factory workers and some office personnel, said the spokeswoman, who spoke on condition of anonymity because of company policy.
GAZ is the main employer in the Nizhny Novgorod region, where 32,300 people are registered as unemployed.
The group's anti-crisis plan, published in March, listed cutting labor expenses by 50 percent as one of its optimization strategies.
GAZ Cutting 6,500 Jobs
01 July 2009
The Moscow Times
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