(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).
(ANSA).
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