"IzhAvto" until the end of 2005. plans to cut about 4 thousand workers

OAO IzhAvto" until the end of 2005. plans to cut about 4 thousand workers, told RBC in group "JUICE", which controls the company. This measure is linked with the revision of the model range in the direction of reduction.Net profit of JSC "IzhAvto" in the first quarter of 2005. decreased in comparison with the similar period of 2004. on 96,1% to 2 million 674 thousand rubles Proceeds "IzhAvto" for the reporting period decreased by 23.5% to 1 billion 691 million 926 thousand rubles, the cost of production decreased by 18.4% to 1 billion 600 million 130 thousand rubles, profit before tax decreased by 91.7% and amounted to 2 million 674 thousand rubles In January-March 2005. the company produced 18 660 thousand cars, which is 27% lower than a year earlier.OAO IzhAvto" is part of the group "JUICE".23.05.2005.



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