Hyundai Begins Laying Off Staff At Russian Plant Idling Since March | Carscoops carscoops
Hyundai has started to lay off employees at its factory in St Petersburg, Russia which has been idle since March, shortly after Russia invaded Ukraine.and Kia models and has the capacity to build some 200,000 vehicles annually. At its peak, the plant was home to 2,600 employees. Hyundai has not yet said how many of these employees will be cut.
“Owing to the continued suspension of production, Hyundai Motor is taking steps to optimize its staff numbers in Russia,” Hyundai’s Russian unit said in a statement.from South Korea suggest that Hyundai may sell the plant.and deliveries than many other automakers. This was likely because the two companies were weighing up their options in what is an important market for both of them.
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