The Russian auto market, in decline for the past year and further hit by the declining value of the ruble and recent sanctions over its annexation of Crimea, has forced Ford to cut jobs and shifts at two of its joint venture plants there. Around 700 of the 2,700 total workers who build the Russian-market Focus and Mondeo will be cut at the plant in Vsevolozhsk, near St. Petersburg as it drops to a single production shift. A second plant about 700 miles away in Yelabuga, in the Tartarstan region, will lose 250 workers. That plant builds seven vehicles, including the Explorer, Kuga and Edge.

The Moscow Times says Ford has been especially hit by the market decline, the overall market losing 5.5 percent in 2013 compared to the year before, but Ford sales dropping 18 percent in 2013 year-on-year. This year isn't going any better, with The Blue Oval posting a 21-percent decline through the first two months of 2014. That's why, though the Yelabuga plant builds the CUVs that customers are moving into, even it is facing cuts.

The job cuts in Vsevolozhsk come on top four-week plant shutdown planned so that the paint and body shops can go to one shift. In a statement, the company said, "Ford Sollers remains absolutely committed to the Russian market and is confident it has the right product plan, people and assets to deliver long-term profitable growth."

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    • 1 Second Ago
      • 1 Year Ago
      Shut them down! There is plenty of work in Crimea that they can do! Annexing my a$$... With all the hate for west and US they have these days why are they working for American company anyways!?
      • 1 Year Ago
      In Russia Ford annexes you!
      • 1 Year Ago
      Russia needs a leader like Michael Gorbachev again. Putin has the old Soviet mentality that he was programed by the Soviets to embrace. The people of Russia can do better.
        • 1 Year Ago
        Gorbachev is an *******. I wish you lived in Russia at 90s and feel the rule of this idiot trader.. and Putin has to deal with your political idiots too like McCain that wants to see Russia burn like Iraq or Syria. This is the main problems today, USA doesnt want to be challenged and speads war and poverty. P.S. - 950 men will finds jobs easy on GM or Toyota or maybe Hyundai plants.
      • 1 Year Ago
      Russia and weak in the same sentence, Putin won't be liking this one bit...