"GM-AvtoVAZ" to fire 400 workers and cut production

"GM-AvtoVAZ" intends to adjust plans to produce cars in 2009 and lay off some staff. According to "Avtostat" referring to the press service of the company planned to reduce the 400 workers, after which the plant will switch to single-shift schedule. Recall, the staff of the company went to the Christmas holidays December 15 last year and January 20 was due to return from vacation. Then it was announced intentions to extend the holiday in the factory until February 2. The final decision on the date of commencement of works the conveyor is still unknown. In 2008, sales of "GM-AvtoVAZ" decreased by 2.4 percent and amounted to 53 305 vehicles. Declining sales due in particular to reducing export sales of Chevrolet Niva is 27.9 percent - up to 4658 cars.