Wednesday, September 25, 2013

Ninotchka-nomics

There were fewer Russians (in the auto industry), but better Russians (producing more);
The total head count in the automobile industry has shrunk, but output has grown, a testimony to improving labor productivity in the country, a news report said Monday.
Companies that produce cars and car components have reduced their staff by 29 percent since 2008, when Russia began taking a battering from the economic crisis, according to ACM-Holding, a market research company.
The auto industry headcount now stands at 243,304 people.
During the same time, the industry has cumulatively stepped up production by 24 percent.
Fred Kite could not be reached for comment.

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