Toyota stops car production in Russia

Toyota stops car production in Russia

Toyota on Friday decided to end car manufacturing at its Saint Petersburg plant in Russia.

The company decided to end manufacture operation due to the interruption in supply of key materials and parts. Since then, the company have been closely monitoring the situation and evaluating the future sustainability of our business in Russia.

During this period the company have fully retained our workforce and ensured our facility was ready to re-start production if the circumstances allowed. However, after six months, the company has not been able to resume normal activities and see no indication that the company can re-start in the future.

The decision to terminate production of Toyota vehicles in Russia is not one that the company has taken lightly. Over the last 80 years the company has developed business and our brand with the support of stakeholders around the world.

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The company must now act in a way that allows us to protect the values and principles that our predecessors built up and be confident that the company can pass them on to the next generation.

The company has also determined that our operations in Moscow need to be optimized and restructured―with the clear objective of retaining an effective organization to continue supporting the retail network in providing ongoing service to existing Toyota and Lexus customers in Russia.

The company would like to thank our employees for their hard work and loyalty. In recognition of their valued contribution, the company will be offering them assistance for re-employment, re-skilling and well-being, including financial support above legal requirements.