Renault cuts 15,000 jobs worldwide, including 4,600 in France

In financial difficulties, French carmaker Renault announced on Friday the loss of 15,000 jobs worldwide, including 4,600 in France.

The figures had leaked and are now confirmed. On Friday, May 29, Renault announced a drastic savings plan of more than two billion euros to restore its competitiveness through the confirmation of a restructuring plan for six factories in France.

Significant cuts in the workforce around the world have been announced: 15,000 cuts, including 4,600 in France, without redundancies.

“In the context of uncertainties and complexities, this project is crucial to ensuring a solid and sustainable performance,” said interim director Clotilde Delbos, quoted in a press release.

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The manufacturer, which last year charged its first net loss in ten years, has thus confirmed several working hypotheses to optimize its industrial apparatus in France: the creation of a central center of excellence in electricity and tools from the two factories in Douai and Maubeuge in the north, a reflection on the conversion of the Dieppe plant (Seine-Maritime) at the end of the production of Alpine A110, the creation of an economic center circular at Flins (Yvelines), where the operations of the factory Choisy-le-Roi (Val-de-Marne) would be transferred to Place de la Zoé, whose production in the Yvelines would cease after 2024, and the launch of a strategic review for Brittany, in Caudan (Morbihan).

Stopping planned projects in Morocco and Romania

Internationally, Renault announces “interruption of plans to increase capacity planned in Morocco and Romania”. He said he was studying “the adaptation of production capacity in Russia and the rationalization of gearbox manufacturing worldwide”.

These measures should contribute € 650 million to the cost reduction target.

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In addition, the manufacturer plans EUR 800 million in cost reduction in technology, citing “optimization of the use of R&D centers abroad and subcontractors”. He announced a reorganization of the business at his tech center in Guyancourt (Yvelines).

Finally, savings of EUR 700 million are planned in general expenditure, marketing and other support functions.

Renault specifies that the implementation of the plan will cost EUR 1.2 billion, for approximately 2.15 billion annual savings on its fixed costs.

With AFP and Reuters