Home » Industrial relations » National industrial relations » Russia: AvtoVAZ offers mutual contract termination for employees close to retirement Russia: AvtoVAZ offers mutual contract termination for employees close to retirement The number one automobile manufacturer in Russia, Avtovaz — a subsidiary of Renault-Nissan —, is offering compensation to older employees to encourage them to retire or take early retirement. This offer, which amounts to three months’ wages, will be available from 16 March until 3 April, as an initial step. The measure is one of a number of others, including a social plan and a change to bosses’ wages, which have been introduced in recent months to address the market’s collapse. Through . Published on 03 April 2015 à 14h21 - Update on 03 April 2015 à 14h21 Resources According to Russian law, this type of agreement does not allow for early retirement. Only in the case of redundancy can someone receive an early-retirement allowance, pursuant to Article 32 of federal law n°1032-1; and this can only be done two years before the legal retirement age, 53 for women and 58 for men. Furthermore, recipients — who do not have any other possibility of alternative employment — must be able to show that they have worked for 20 years if they are female or 25 years if they are male,… Need more info ? Contact mind's on-demand study service Which service do you want to contact :WritingCommercial serviceTechnical SupportFirst name Last name Organization Function email* Object of the message Your messageRGPD J’accepte la politique de confidentialité.PhoneThis field is for validation purposes and should be left unchanged. Essentials Les dernières publications Supporting parenthood in the workplace: a win-win strategy Supporting employee carers: a CSR challenge Analyzes Les dernières publications Paternity leave: data observations from 41 countries EU: during H1 2022 five EU Member States have raised their minimum salary levels
