by With the beginning of Russia’s invasion of Ukraine, Volvo suspended its activities in Russia but today announced that it will remain in the Russian market. More precisely, the Volvo Group company announced a partial reduction of staff, but the Swedes do not intend to leave the Russian market.
“The Volvo Group company has decided to adapt its operational activities in connection with the changed market conditions in Russia. The adaptation of activities will mean a reduction of part of the staff during this year,” – stated in the Volvo Group’s message.
It should be noted that recently BMW and Lamborghini decided not to leave the Russian market. Meanwhile, yesterday Volkswagen announced that it will cease production in Nizhny Novgorod at GAZ facilities. The company explained this decision due to the high level of uncertainty.
