The Japanese Komatsu plant in Yaroslavl will cut 300 workers

The Komatsu plant in Yaroslavl produced excavators and dump trucks. it has been idle since March 2022 due to a supply chain disruption. Governmentregion announced the reduction of 300 employees of the enterprise

Japanese construction and mining equipment manufacturer Komatsu will suspend production and lay off up to 300 people at its plant in Yaroslavl, the regional government said . The plant produced excavators, loaders and dump trucks.

The CEO of the Russian legal entity OOO Komatsu Manufacturing Rus, Hosoya Kazushi, said that the company is fulfilling its obligations, but sanctions pressure is affecting its work. “The company is not curtailing its activities in Yaroslavl,” he stressed.

Kazushi attributed the cuts to "changed needs". Those laid off will be paid the statutory payments.

The first deputy chairman of the regional government Maxim Avdeev noted that the plant will continue to work. “Together with the management of the enterprise, we will look for new opportunities to load their production capacities,” he said and added that the reduced highly qualified specialists will get jobs at other enterprises.

Komatsu suspended deliveries of equipment to RUSSIA at the beginning of March, 2022, explaining this decision by interruptions in logistical chains in connection with a situation in Ukraine and "uncertainty of a financial and economic situation". A month later, the company also suspended production at its plant in Russia on the same grounds.

The only Komatsu plant in Russia is located in Yaroslavl. It was built in 2010. Among all enterprises of the corporation, the plant in Yaroslavl has the longest production site; it produces medium-class hydraulic excavators and dump trucks.

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