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Russian automaker IZH-Auto to cut 90% jobs

(Russia, Izhevsk) Russian auto maker IZH-Auto plans to cut up to 5,000 jobs in April or about 90% of the company’s workforce after Auto-VAZ abandoned its efforts to acquire IZH-Auto earlier this year.

AutoVAZ (Automaker, Russia), 25% of AutoVAZ owned by Renault [Euronext: RNO]

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