Renault cuts 15,000 jobs in main restructuring

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Factory employees work on a car assembly line at the Renault factory, in MaubeugeImage copyright Getty Images
Image caption The French carmaker employs individuals throughout 39 international locations

Renault is slicing 15,000 jobs worldwide as a part of a €2bn (£1.8bn) cost-cutting plan after seeing gross sales plunge due to the virus pandemic.

“This plan is essential,” mentioned chief govt Clotilde Delbos, who introduced cuts in manufacturing to give attention to extra worthwhile automobile fashions.

Some 4,600 job cuts will likely be in France, and the agency mentioned on Friday that it had begun talks with unions.

On Thursday, Renault’s strategic associate Nissan unveiled big job cuts.

Renault, 15% owned by the French state, mentioned six websites are beneath assessment.

The firm mentioned it will slash prices by slicing the variety of subcontractors in areas reminiscent of engineering, decreasing the variety of elements it makes use of, freezing growth plans in Romania and Morocco and shrinking gearbox manufacturing worldwide.

The firm plans to trim its international manufacturing capability to three.three million autos in 2024 from Four million now, specializing in areas like small vans or electrical vehicles.