Volvo is considering the sale of business in Russia
The company owns a cab plant and an assembly plant for 15,000 trucks in Kaluga. The plant has not been operating since February this year.
Volvo may sell the Kaluga truck plant. The enterprise was opened in 2009 and is designed to produce 15,000 trucks in 12 months. “In the current situation, the Volvo Group cannot operate in Russia, so the decision was made to adapt the business and start reducing the number of employees,” the company representative explained. At the moment, Volvo’s management is considering the option of completely getting rid of assets in Russia. Since the end of February 2022, the company has stopped the production of trucks in the country. At the moment, about 900 Russian employees continue to work in the company.