Home Business NewsBusinessAutomotive Renault to axe 15,000 jobs to make €2bn in savings

Renault to axe 15,000 jobs to make €2bn in savings

by LLB Reporter
29th May 20 8:23 am

Renault are to cut 15,000 jobs around the world and are to start talks on Friday in France with unions where one third of workers will be reduced.

The French car maker employs 179,000 people across 39 countries including the UK, as there has been a 25% slump in the first three months of 2020.

The electric Zoe models could cease to assemble cars at their Flins factory near Paris, as Renault are looking to save €2bn over the next three years, and will close factories.

The French government own 15% of Renault and they are in discussions for a €5bn emergency loan, and the car maker has been told by Emmanuel Macron to keep all workers and production in France.

New figures have revealed that Car production fell to its lowest level since Second World War in April amid plant closures, according to the SMMT.

However, on Thursday Nissan announced they are closing their Barcelona factory and moving their headquarters to Sunderland.

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