Ford's joint venture with Russian automaker OAO Sollers plans to cut output and reduce staff at its two local plants because of the country's deteriorating economy and a weakening ruble, in the wake of Russia's annexation of Crimea and economic sanctions from the West. Read more »
Wednesday, April 2, 2014
Ford to Lay Off 950 Workers and Reduce Output in Russia as Ruble Falls and Demand Wanes
Ford's joint venture with Russian automaker OAO Sollers plans to cut output and reduce staff at its two local plants because of the country's deteriorating economy and a weakening ruble, in the wake of Russia's annexation of Crimea and economic sanctions from the West. Read more »
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