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Media report that Russian railcar and tanks maker reduces working week for civil staff

The company's media service announced to Russian media that the company will be reducing its civil-sector workforce from five days per week to four due to weakening demand.

Sources and companies say that the move is being made as Russia's largest industrial companies, such as automakers, mining, and metallurgical firms, put employees on furlough, or cut staff, as war economy slows down, domestic demand stagnates, and exports dry-up, according to sources.

Uralvagonzavod, despite temporary fluctuations on the railcar market and its diverse production, continues to operate in a stable manner, the company stated, without specifying the number of employees affected.

Uralvagonzavod belongs to the state-owned conglomerate Rostec. When asked to comment on the reported change, it did not reply.

Railway freight volumes in Russia dropped 6.7% on an annual basis between January and September to 830.2 millions metric tons. (Reporting and editing by Louise Heavens; Additional reporting by Darya Corsunskaya, Anastasiya Lirchikova, and Gleb Stolyarov)

(source: Reuters)