The largest agricultural machinery manufacturer in Russia, Rostselmash, said Friday that he will place the 15000 of its employees licensed for the month of June due to the collapse of exports and the continuous market contraction.
The company, based in Rostov-on-on-Don, near the Ukrainian border, cited a sharp fall in demand in the last three years, which said it forced it to reduce production and reduce staff.
Combined harvesting sales fell by 76%, fodder collectors in 49% and articulated tractors at 48% from January-April from 2021 to January-April 2025, Rostselmash said.
In March, the company changed briefly to a work week four days before saying goodbye to 2,000 employees last month.
“Farmers have no money to buy the equipment they need, and the market has been drastically reduced as a result. The negative perspective has only worsened in 2025,” the company said in a statement.
Rostselmash, which exports to 20 countries, described the June permit as a rescheduled annual vacation, generally held in August or September.
The company reported an annual 130% drop in net income last year, up to 6.9 billion rubles ($ 85.3 million), with total revenues that fell almost 20 billion rubles to 78.3 billion ($ 965 million).
“Rostselmash continues to monitor changes in the agricultural machinery market,” said the company, added that it would be ready to answer if the demand is recovered.
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