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Renault to cut 14,600 jobs in €2bn savings drive

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Renault is to shed 14,600 positions in a bid to achieve savings of more than €2bn over three years.

In a statement issued today, the company said ‘difficulties encountered by the Group, the major crisis facing the automotive industry, and the urgency of the ecological transition are all imperatives that are driving the company to accelerate its transformation.’

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In France, where 4,600 positions are set to go, the company said it will focus on electric vehicles, LCVs, the circular economy and high value-added innovation.

Today’s announcement follows Nissan’s decision to close plants in Barcelona and Indonesia.

Along with Mitsubishi, Nissan is part of an automotive alliance with Renault that this week announced a raft of reforms including the sharing of resources, including production, models, and technologies.

"In a context of uncertainty and complexity, this project is vital to guarantee a solid and sustainable performance,” said Clotilde Delbos, interim CEO of Renault. “By capitalising on our many assets such as the electric vehicle, by capitalising on the resources and technologies of Groupe Renault and the Alliance, and by reducing the complexity of development and production of our vehicles, we want to generate economies of scale to restore our overall profitability and ensure our development in France and internationally.”

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