2 Feb '10
AvtoVAZ employees laid off last year from the Togliatti factory may be re-employed at Tikhvin Rail Cars, a new production facility currently under construction in Leningrad Region, said Togliatti city officials, Samara Region.
The RF’s Mortgage Agency reportedly promised earlier this year to draft a privileged-term mortgage program for former specialists of the Togliatti auto giant who wish to move to Leningrad Region.
Construction of Tikhvin Rail Cars began in 2005 and now costs $27m, according to RIA Novosti.
The launch of the factory to reportedly employ 3,500 people is officially scheduled for early 2011, the source said.