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HomeDigit NewsThe largest manufacturer of auto parts dismisses employees in Russia

The largest manufacturer of auto parts dismisses employees in Russia

Magna International, the world’s largest manufacturer of components for the automotive industry, has six plants in Russia alone, including two production sites near St. Petersburg, in Kamenki and Shushary. Components were supplied to conveyors where Hyundai, Kia and Nissan cars were assembled.

A recent Magna International report says that production at Russian car plants will not resume until 2024 at the earliest. Therefore, the personnel of the production site “Kamenka” are invited to leave by agreement of the parties. In total, the plant now employs about 500 people, of which about a third of the staff will be reduced.

While the assembly line from which the Hyundai Solaris and Kia Rio left is idle, Magna’s management felt that it made no sense to maintain such a number of personnel. All employees who write a letter of resignation voluntarily, the company is ready to pay five salaries.

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