?Renault is to 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. [AFP]Money & CareersRenault is to 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 salesRenault 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. Last year, Renault recorded its first annual loss in a decade, at 141 million euros.

Source: Standard Digital May 29, 2020 09:56 UTC