PROBLEMS ON THE RUSSIAN NETWORK

Russian wagon producers cutting staff amid business deterioration

The Uralvagonzavod building in Nizhny Tagil. Image: Shutterstock. © Serg_Zavyalov_photo
The Uralvagonzavod building in Nizhny Tagil. Image: Shutterstock. © Serg_Zavyalov_photo

Wagon producers in Russia are reducing their staff this year due to the ongoing deterioration of the business environment and a sharp decline of orders. For example, Uralvagonzavod, one of Russia’s largest producers of rail wagons, has recently announced its plans to cut 10% of its workforce by February of next year.

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Author: Eugene Gerden

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