The Volkswagen Group has presented to shell out personnel from its Nizhny Novgorod, Russia factory if they give up.
The motor vehicle maker provides the Taos at the web site, as perfectly as the Skoda Octavia, Karoq, and Kodiaq. Pursuing Russia’s invasion of Ukraine in late February, VW said generation at the Nizhny Novgorod web page and its Kaluga plant would be suspended until finally even more observe and that vehicle exports to Russia would also be halted with quick influence.
Volkswagen does not really very own the Nizhny Novgorod plant wherever the Skoda Octavia, Karoq, and Kodiaq are built and alternatively has a contractual agreement with GAZ Team to assemble its designs at the web site, Auto News notes.
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A spokesperson from the German car company just lately declared that approximately 200 qualified staff have been offered economical compensation well worth six months’ wage, moreover health care coverage until finally the close of 2022, must they concur to quit working at the manufacturing facility.
A variety of other major companies have been compelled to overhaul of provide their enterprises in Russia due to the ongoing invasion of Ukraine. In May possibly, the Renault Team signed an agreement to sell 100 for every cent of its stake in Renault Russia to the town of Moscow. It is also selling its 67.69 for each cent stake in AvtoVAZ to NAMI, Russia’s Central Research and Advancement Automobile and Motor Institute. Importantly, the arrangement does permit Renault to get again its stake “at specified situations in the course of the following six years” ought to it come to a decision that it needs to return to the Russian current market.