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Ford in Russia – To cut about 950 jobs

Ford Motor Co. (F:US)’s Russian joint venture is cutting about 950 jobs at two factories in response to the falling ruble and deteriorating demand in the country. Capture d’écran 2014-04-01 à 13.13.34

A car plant run in partnership with OAO Sollers near St. Petersburg will eliminate about 700 positions as it drops a work shift in June, John Gardiner, a spokesman for Ford in Cologne, Germany, said today by phone. Another 250 temporary personnel will be let go at a Ford Sollers site in the Tatarstan region.

Chosen excerpts by Job Market Monitor. Read the whole story at Ford to Cut About 950 Jobs in Russia as Ruble, Demand Drop (1) – Businessweek.

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