(MENAFN- Trend News Agency)
Toyota closes its car assembly plant in St. Petersburg, Trend reports with reference
to TASS .
The company will fulfill all obligations to employees and
provide compensation payments, they noted.
'Toyota Motor Company closes the assembly site in St.
Petersburg. At the same time, it will ensure the fulfillment of all
social obligations to the team, as well as significant additional
compensation payments. In addition, the company will retain
after-sales service for Toyota and Lexus vehicles and support for
the dealer network,' the ministry said.
The Industry and Trade Ministry together with the government of
St. Petersburg, is working on possible scenarios for the
development of this production site.
In March, Toyota suspended the operation of its plant in St.
Petersburg due to disruptions with supply of components. The Toyota
Motor plant in St. Petersburg was opened in 2007.
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