Agricultural equipment dealers in the Russian Federation have begun to reduce staff for the first time in their history, according to Agroexpert in the Association of Agricultural Equipment Dealers. The market has been shrinking for the third year in a row. Cost-cutting measures have led to a 4% reduction in dealer staff. "This is the first reduction in the observed history," the association clarified. The operating profitability of agricultural equipment dealers in the Russian Federation (taking into account costs and interest on loans) amounted to about 4%, which was the worst result in the history of observations. There is also: "Negative dynamics are also present at manufacturing plants. In particular, the results of the company Rostselmash confirm the presence of a systemic crisis in the industry, which requires immediate measures to stabilize the situation," the association stated. The recovery and stabilization of the market are hindered by low payment capacity demand from ...