Toyota has confirmed it will permanently close its plant in Russia, where production had been suspended since March following Russia’s invasion of Ukraine.
The Japanese car maker said it “sees no way” to restart production either now or in the future at the St Petersburg factory, following its more than-six month closure due to European Union-imposed import sanctions blocking parts and stifling construction.
Before work was suspended, the factory produced the Toyota Camry and Toyota RAV4 with an annual capacity of 100,000, according to Reuters.
Employees, who have been retained throughout the suspension, will be offered assistance for re-employment, retraining and wellbeing, Toyota has confirmed, adding that they will all be given redundancy payouts.