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.