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breakingnews
16.09.2009, 15:38
1 comment
Employees from AvtoVAZ – Russia’s biggest car company from Central Russia’s city of Togliatti – might soon be demoted to making toys, rather than cars, in an attempt to pull through the economic crisis.
17.10.2009, 12:08
4 comments
Russia's largest carmaker Avtovaz continues to struggle through the crisis with multimillion dollar government donations unable to stop its plans of shedding thousands of jobs.
16.09.2009, 09:51
1 comment
As many companies in Russia have resorted to job cuts over the past twelve months to stay afloat, foreign workers were hit hard. More than two thirds of expats who came to Russia to work have lost their jobs.
08.09.2009, 15:00
It will still take a while for ordinary Russians to assess improvements in the economy, said Vladimir Osakovsky, head of strategy and research at Unicredit bank.
14.09.2009, 08:55
A novel way of exposing those who fail to pay their utility bills has been adopted by one company in central Russia. The faces of its worst-offending customers have been plastered on giant billboards across the city.
02.10.2009, 10:23
The financial crisis in Russia has claimed 8% of the country’s total workforce, but the number of unemployed is on the decline as the economic situation improves.
18.06.2010, 09:51
2 comments
Detroit used to be one of America's premier auto manufacturers, but with the demise of its carmakers, Detroit’s residents are facing rising unemployment and crime in a city which has become a shell of its former self.
15.09.2009, 09:36
6 comments
The past year of economic decline has seen Washington’s influence on the wane, as well as London’s, and the way is now open for other countries to decide policy. Among them: Russia and her BRIC colleagues.
11.10.2009, 13:00
4 comments
“Crisis or no crisis”, Russia’s budget must continue to fund social programs until acceptable standards of living are achieved, President Dmitry Medvedev said during an interview with Russia’s Channel One.
12.11.2009, 14:36
8 comments
On Thursday, Russian President Dmitry Medvedev delivered his second address to the nation’s parliament, The Federal Assembly. He touched on urgent problems society currently faces, and spoke of pragmatic solutions.
Published: 26 September, 2009, 14:53
Edited: 27 September, 2009, 10:42
Russia’s Avtovaz says more than 27,000 jobs are to go due to plunging demand. It’s a severe blow for workers at the company, the largest employer in the city of Togliatti in the Samara region.
