St. Korean manufacturer Hyundai has extended the closure of its factory in the city until November 30, 2023, the St. Petersburg Employment Center said. This was reported by TASS.
The center emphasized that the interruption in business will last from November 1 to November 30, and that approximately half of the facility’s staff (534 people) is idle.
Before that, Deputy Prime Minister of the Russian Federation and Head of the Ministry of Industry and Trade Denis Manturov statedSt. It was stated that the buyer of the Hyundai factory in St. Petersburg will be a company from Russia and the agreement will also include the possibility of buyback.
Deputy Prime Minister noted that Hyundai sold the facility with a buy-back option, but considering the Presidential decree, this was limited to two years.
St. The Hyundai automobile plant in St. Petersburg went into operation in 2010. Its production capacity allows it to produce 200 thousand cars per year. The Hyundai Creta and Solaris, as well as the Kia Rio and Rio X-Line, were produced at the facility before production was halted in March 2022.
Previously at AvtoVAZ accepted the possibility of using prison labor.