Toyota has decided to end vehicle production at its manufacturing plant in Saint Petersburg, Russia. Manufacturing operations at the plant were suspended by Toyota in March over the interruption in the supply of major materials and parts.
Toyota said its members of staff at the plant were retained during the period of suspension and that the plant was ready to re-start production if the circumstances permitted. After six months, Toyota has been unable to resume normal activities and sees no signal that it can restart in the future
In a statement, Toyota said: The decision to terminate the production of Toyota vehicles in Russia is not one that we have taken lightly. Over the last 80 years, we have developed our business and our brand with the support of stakeholders around the world. We must now act in a way that allows us to protect the values and principles that our predecessors built up and be confident that we can pass them on to the next generation.
Toyota said it’s realized that its operations in Moscow must be optimised and restructured―with the clear objective to retain an effective organization to keep supporting the retail network in offering ongoing service to existing Toyota and Lexus customers in Russia.
“We would like to thank our employees for their hard work and loyalty. In recognition of their valued contribution, we will be offering them assistance for re-employment, re-skilling and well-being, including financial support above legal requirements,” Toyota concluded.
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