Support The Moscow Times!

GAZ Cutting 6,500 Jobs

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.

Sign up for our free weekly newsletter

Our weekly newsletter contains a hand-picked selection of news, features, analysis and more from The Moscow Times. You will receive it in your mailbox every Friday. Never miss the latest news from Russia. Preview
Subscribers agree to the Privacy Policy

A Message from The Moscow Times:

Dear readers,

We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."

These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.

We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.

By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more