July 24, 2021

Renault will cut 15,000 jobs worldwide to reduce its cost structure

Renault presented this Friday an adjustment plan with which it intends to reduce its annual cost structure by about 2,150 million euros and which will mean the elimination of some 15,000 jobs in the world, without layoffs, of which 4,600 in France.

The French automobile group insisted in a statement that this reduction in personnel, which will affect 8% of its global workforce and will be staggered over the three years of the plan’s full implementation, will do so with “exemplary dialogue” with representatives of workers and with local authorities in each country.

Specifically, it will apply “conversion measures, internal mobility and voluntary departures”. The announced cut leaves aside the question of the extent to which it will continue to use or not interim workers with temporary contracts.

Renault will reduce its production capacities from four million vehicles in 2019 to 3.3 million in the 2024 horizon.


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