Russia's Kamaz to cut up to 3,000 white-collar jobs

Wed Jul 25, 2012 5:38am EDT
 
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MOSCOW (Reuters) - Russian truckmaker Kamaz (KMAZ.MM: Quote) plans to cut between 1,500 and 3,000 so-called white-collar workers to increase its business efficiency, Kamaz's spokesman Oleg Afanasyev told Reuters on Wednesday.

"Our figures do not match international standards of 9 to 11 percent of people working in offices (out of the total number of employees) as Kamaz now has 17 percent," he said.

Kamaz, where German truckmaker Daimler (DAIGn.DE: Quote) has a minority stake, employs around 50,000 people in total.

The group swung to a net profit of 1.8 billion roubles ($55 million) in 2011 after a 889 million rouble net loss in the previous year.

($1 = 32.7660 Russian roubles)

(Reporting by Alexander Gelogayev Writing by Katya Golubkova. Editing by Jane Merriman)

 
Russia's Prime Minister Vladimir Putin delivers a speech as he visits the Kamaz truck manufacturing plant in Naberezhnye Chelny in the Republic of Tatarstan February 15, 2012. REUTERS/Yana Lapikova/RIA Novosti/Pool