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Renault to cut 15,000 jobs in 'vital' cost-cutting plan

Expansion plans now halted also in Romania

29 May, 11:13
(ANSA-AFP) - PARIS, 29 MAY - Renault said Friday it will cut nearly 15,000 jobs, including 4,600 at its core French operations, as it tries to regain its footing in the wake of plummeting car sales and the shift to electric vehicles. "In a context of uncertainty and complexity, this project is vital to guarantee a solid and sustainable performance," interim CEO Clotilde Delbos said in a statement. The cost-cutting plan, which was unveiled to labour representatives Thursday, aims to reduce overheads by two billion euros ($2.2 billion) over the next three years. Four production sites in France could be closed or restructured, the automaker said, and its hulking factory at Flins northwest of Paris will stop making the Zoe electric hatchback from 2024. An additional 10,000 jobs will be cut outside France, with expansion plans now halted in Morocco and Romania, and under review in Russia. (ANSA-AFP).


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