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Faltering Renault to cut 15,000 jobs worldwide, including 4,600 in France
Faced with a downturn in demand compounded by the coronavirus crisis, Renault is aiming to find 2 billion euros ($2.22 billion) in savings over the next three years as it shrinks production and hones in on more profitable models. It said the restructuring measures — including the job cuts, transfers and retirement plans that would affect just under 10% of its global workforce — would cost 1.2 billion euros. Some 4,600 jobs would go in France, though largely through a voluntary departure plan and a retirement scheme, Franck Daout of the CFDT trade union told REUTERS. The overall cuts would affect just under 10% of Renault's 180,000 global workforce. The firm has around 48,500 staff in France. Similar model to the one in the graphic. Posted by: Besoeker 2020-05-30 |
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