Toyota closes a plant in St. Petersburg

15:57 - 23.09.2022

September 23, Fineko/ Toyota closes the plant in St. Petersburg.

ABC.AZ was informed at the press service of the Russian Ministry of Industry & Trade that the company will fulfill all obligations to employees and provide compensation payments.

"Toyota Motor closes the assembly site in St. Petersburg. At that, it will ensure the fulfillment of all social obligations to the team, as well as significant additional compensation payments. In addition, the company will retain after-sales service for Toyota and Lexus cars and support for the dealer network," the Ministry stated.

The Russian Ministry of Industry & Trade together with the government of St. Petersburg, is working on possible scenarios for the development of this site.