The Likinsky Bus Plant (LiAZ) has implemented a four-day work week in response to a significant downturn in the Russian bus market. The company attributes this measure to a 60% reduction in bus sales across Russia, stemming from decreased procurement by regional authorities.
This reduced schedule aims to align production with current market demands while safeguarding employment for its workforce. LiAZ has assured its employees that all social benefits will remain intact during this period.
The company has stated that it will reassess the work schedule monthly, basing its decision on the volume of new orders. LiAZ intends to revert to its standard operating mode as soon as the market demonstrates signs of recovery.
Other Russian automotive manufacturers are also adjusting their schedules due to the economic climate. KAMAZ, another major player, is also transitioning to a four-day week, citing a comparable 60% drop in the heavy truck market over the past six months. KAMAZ attributes this decline to factors such as the policies of foreign equipment importers and the monetary policy of the Central Bank.
GAZ had previously announced its move to a four-day work week starting in August, pointing to a sharp decline in the commercial vehicle market. AvtoVAZ has also indicated the possibility of reducing its work week to four days, citing the impact of high interest rates and decreased demand for new vehicles.