It Is Reported That Volkswagen Provides Severance Compensation To Russian Factory Employees, Equivalent To Six Months' Salary

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According to people familiar with the matter, Volkswagen will provide one-time compensation to employees at one of its two Russian factories, provided that they agree to leave voluntarily It is reported that in some cases, the severance compensation provided by Volkswagen is equivalent to six months' salary, which is aimed at 200 employees of nizhnynovgorod factory.

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In March this year, Volkswagen announced that due to Western sanctions, the production of its Kaluga and Nizhny Novgorod plants would be suspended until further notice, and it would immediately stop exporting cars to Russia.

According to trade union sources, employees who agree to leave before June 17 will receive six months' salary and medical insurance until the end of 2022.

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