Ford Motor Co. announced that its joint venture in Russia is about to dismiss about 950 employees at two factories due to decreasing demand in the country and the weak performance of the ruble. The spokesman of Ford in Germany – Mr. John Gardiner reported that about 700 jobs are to be cut in a car plant that is managed by a joint venture with OAO Sollers. Another 250 temporary positions in the Tatarstan region will be eliminated as well. About 5,500 people are employed by the companys joint venture. Ford Sollers revealed that it intends to become more focused on single shift production in St. Petersburg. Ford is also going to adapt its production schedule at the companys second plant. Ford Motor Co. made an official statement, part of which was cited by Bloomberg: "Ford Sollers remains absolutely committed to the Russian market and is confident it has the right product plan, people and assets to deliver long-term profitable growth."