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VW Russia cutting staff and hours

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<strong>PRODUCTION CUTS:  </strong> The famous VW badges wait to be installed in the next vehicle after the company announced cuts in Russia.  <em>Image: Volkswagen</em>
<strong>PRODUCTION CUTS: </strong> The famous VW badges wait to be installed in the next vehicle after the company announced cuts in Russia. <em>Image: Volkswagen</em>

MOSCOW, Russia - Volkswagen has announced cuts to the workforce and working hours at its plant in Russia because of weak demand.

Spokesperson Lilia Leonova said the company was offering "balanced compensation packages to those of its staff ready to leave the company by mutual agreement".

Europe's biggest automaker did not divulge how many jobs would be cut but said it was also reducing the working week at its Kaluga plant (150km south-west of Moscow) from five to four days from April to July.

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