Avtovaz, the manufacturer of the Lada, is considering implementing a four-day workweek due to anticipated substantial declines in sales for the upcoming year. The company has faced challenges from the influx of Chinese car brands in Russia, which have gained significant market share. Avtovaz has previously adopted a temporary four-day workweek in 2022 but now cites stricter car loan regulations and high interest rates as additional pressures. The firm expects a 25% reduction in sales for 2025 and noted that Russian car purchases have decreased by 27.6% year-on-year in June.
Avtovaz is contemplating a transition to a four-day workweek, prompted by significant sales declines and increasing competition from foreign car brands, particularly from China.
The company anticipates a 25% drop in sales for 2025, revealing a broader trend of decreased consumer demand for cars in Russia, which has seen a 27.6% reduction in purchases.
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