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. Last Updated: 07/27/2016

AvtoVAZ to Fire 5,000 Workers

AvtoVAZ said Monday that it would cut 5,000 jobs, or 5 percent of its work force.

The country’s largest carmaker has been under intense government pressure in recent months not to lay off workers.

“The overall reduction will amount to about 5,000 people,” AvtoVAZ said in a statement.

A source close to AvtoVAZ said earlier Monday that the company would start cutting jobs from Dec. 14. The firm said it would restore the normal workweek starting Dec. 14, after a relevant order was signed by AvtoVAZ chief Igor Komarov.

RIA-Novosti reported Sunday that AvtoVAZ had told the Health and Social Development Ministry that it would lay off 36,000 workers by Dec. 1.

(Reuters, MT)