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Reuters
Hyundai lays off staff after idling Russian plant since March
South Korea’s Hyundai Motor Co, formerly one of Russia’s biggest car makers, has begun laying off workers at its St Petersburg factory, which has stood idle since March, largely due to the effects of Russia’s military intervention in Ukraine. “Owing to the continued suspension of production, Hyundai Motor is taking steps to optimise its staff numbers in Russia,” Hyundai’s Russian unit said in a statement. Around 2,600 people built Hyundai and Kia cars at the plant, which has a capacity of some 200,000 vehicles per year.
