Volvo, Jaguar Land Rover cut back Russian operations

Europe

Volvo Cars and Jaguar Land Rover are laying off the bulk of their Russian office staff, Kommersant newspaper reported.

JLR is in effect leaving Russia, only keeping staff to coordinate administrative procedures, one source told the newspaper.

Volvo plans to continue warranty support in the country and is ready to pay for parts via parallel imports, Kommersant reported citing a source.

Volvo in February suspended all sales, service, and production in Russia, which last year accounted for about 3 percent of its net group sales.

Volvo confirmed it has reduced the number of employees it has in Russia.

“We have adapted our presence in the Russian market and scaled down the size of our workforce in the country,” the automaker said in an emailed statement to Automotive News Europe.

Reuters contributed to this report

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