Volvo to stop production at Russian plant
Latest OEM to have a production facility based in Russia to be hit by the sustained economic decline.
Volvo Trucks' Russian subsidiary has announced that it intends to suspend production at its facility in Russia, according to an Interfax news agency report. The subsidiary, which is known as Volvo Vostock, will cease production and lay off around 30% of the facility's staff numbers as of 11 February, according to company spokesperson Oleg Vasilchenko.
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