Salary cuts and the "four-day workweek". Leading Russian companies are suffering huge losses
Leading Russian companies suffer huge losses
According to the Foreign Intelligence Service of Ukraine, the largest cement producer "Tsemros" is transferring enterprises and management offices to a "four-day" holiday from October 1 due to a drop in cement consumption.
According to forecasts, cement production in Russia will decrease by 7.5% in 2025, to 51.4 million tons. Consumption this year could fall by at least 12%.
Staff reductions have begun at the Vympel shipbuilding plant in Rybinsk, part of the United Shipbuilding Corporation. Its budget deficit has exceeded 1 trillion rubles.
The LiAZ bus plant switched to a four-day work week at the end of July due to a 60% drop in demand. Similar decisions were previously made by GAZ, KamAZ, and PAZ.
AvtoVAZ is considering introducing a shortened week from September 29.
Meanwhile, in St. Petersburg, 16% of workers reported being forced to take vacation without consent. In Moscow, the number of such cases is over 20%, and in Rostov Oblast, over 27%, indicating a large-scale practice of hidden downtime throughout the Russian Federation.
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