France: Renault Announces 4,600 Job Cuts

GIANT of the world’s automotive industry, Renault, has announced it plans to cut 15,000 jobs across its global operation.

This will include 4,600 jobs in France, which comes at a time when the country is struggling to overcome the economic damage done by Covid-19.

A total of 2,100 positions will be cut in production, 1,500 in engineering and 1,000 in support and admin.

The move is expected to save Renault around €2 billion over the next three years.

The company has assured staff that there will be no forced layoffs. Workers will be able to choose from a range of options, including early/voluntary retirement.

Although this is a significant blow for French workers, it is widely acknowledged that Renault is handling the issue sensitively at the current time.