The first decision of the new Director of "AVTOVAZ": raise salaries

28 June 2018

All except top management

June 1-Yves Caracatsanis zmenil Nicolas Mora on a post of the President of "AVTOVAZ". During his appointment, the new head of the company said that will concentrate on cost reduction and the promotion of Lada cars in foreign markets. And what decision he takes in the first place? Increases salaries!

But do not think that the new head of the largest domestic producers thus raise your salary. In fact, wages have increased only regular workers: their rate increased by 6.9 %. The income of top management will remain at the same level.

Demands for higher wages put forward by the Union. a "After extensive negotiations with the Union, the Company has decided to increase the wages of workers in Togliatti 6.9%, despite a net financial result of the activities of AVTOVAZ in 2017 was still in the negative zone. I am confident that this growth will have a positive impact on the lives of our staff and the families of the workers" — said Yves Karakatsanis.

Who is Yves Caracatsanis

A large part of the career of Yves Karakatsanis tied to Renault. Until 1992, the Frenchman was hired by companies Bossard Consultants and Hewlett Packard, after which he became the project Manager for logistics at Renault. In 1995, Yves moved to the position of superintendent production Assembly. In 2005 he was appointed senior Vice-President of Groupe Renault in the development of prototypes.

In 2010 Yves Karakatsanis became a senior Vice-President of Groupe Renault global supply chain, and in 2016, was appointed General Director of Groupe Renault Romania and General Director of Automobile Dacia SA. Fun fact: this post previously occupied by Nicolas Moore, who was the President of "AVTOVAZ" to Karakatsanis.