Renault announces 15,000 job cuts worldwide

Struggling French car maker Renault has announced 15,000 job cuts worldwide as part of a two billion euro (£1.8 billion) cost-cutting plan over three years.

Renault said nearly 4,600 jobs will be cut in France in addition to more than 10,000 in the rest of the world.

The group’s global production capacity will be revised from four million vehicles in 2019 to 3.3 million by 2024, the company said.

In a statement, the car maker added: “The difficulties...
source: Herald Series

2020-05-29 11:38
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