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Car maker Renault plans to cut almost 15,000 jobs

2020-05-29T12:25:53.767Z

The French manufacturer was already struggling with problems before the Corona crisis. Renault is now pulling the emergency brake to become competitive. In France, renovation is a particularly hot topic.



The French manufacturer was already struggling with problems before the Corona crisis. Renault is now pulling the emergency brake to become competitive. In France, renovation is a particularly hot topic.

Boulogne-Billancourt (dpa) - The car maker Renault, which is experiencing financial difficulties, wants to cut almost 15,000 jobs worldwide. Around 4,600 of these jobs are in France.

In the rest of the world there are over 10,000. The manufacturer announced on Friday in Boulogne-Billancourt near Paris an austerity program with a volume of over two billion euros. The plan is to be implemented within three years.

The traditional manufacturer with around 180,000 employees worldwide already posted red figures last year and is suffering from a sales crisis due to the corona pandemic. The group needs a state-guaranteed loan of five billion euros, but this has not yet been granted.

Interim chief Clotilde Delbos announced that the company is focusing on strengths like the electric car. The production capacity of four million cars a year so far is expected to drop to 3.3 million vehicles within four years. Major changes are planned in several plants in France. Renault explicitly did not speak of closures that had been speculated over the past few weeks. The manufacturer claims to be in close contact with the social partners.

French head of state Emmanuel Macron had personally intervened in the Renault debate at the beginning of the week when he presented his multi-billion euro rescue plan for the automotive industry. In order to get the green light for the billion dollar loan, commitments from Renault are necessary for two plants in northern France. The state still has a lot to say with a share of 15 percent in the traditional manufacturer.

According to Renault, the Douai and Maubeuge factories in the north of the country are now to become a center for electric cars and light commercial vehicles. A recycling center is to be built in the large Flins factory in the Paris area, which according to media reports has had around 2,400 permanent employees so far.

Renault had already announced on Wednesday, together with the Japanese partners Nissan and Mitsubishi, to put the brakes on costs. The alliance with over ten million cars a year thus finally said goodbye to the era of former top manager Carlos Ghosn.

Ghosn had given Allianz a course of expansion and high sales figures. He then plunged the alliance into a serious crisis - the car manager was arrested in Japan in late 2018 for allegations. He later fled to Lebanon.

Renault holds 43.4 percent of the shares in Nissan - the Japanese manufacturer is now writing deep red numbers. Nissan had long contributed significantly to Renault's profits. The French-Japanese alliance was behind the industry giants VW and Toyota worldwide in 2019.

Source: merkur

All news articles on 2020-05-29

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