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