Russian car maker AvtoVAZ to cut workforce by 27 pct

* Lada maker to cut up to 27,600 jobs * Cuts agreed with trade union * Working at 65 percent capacity (Adds details, background) MOSCOW, Sept 24 (Russia) – AvtoVAZ, Russia’s largest car maker, said on Thursday it has agreed to cut more than a quarter of its workforce as the producer of the iconic Lada struggles with a sharp decline in demand for its cars. AvtoVAZ, part-owned by French car maker Renault, has agreed with trade union leaders to cut up to 27,600 jobs at its plant on the Volga river, the company said in a statement. “The enterprise is working on one shift and at 65 percent of capacity. Lowering personnel numbers is essential in such a situation,” said the company, which employs a…

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