French automaker Renault has announced a cut of 15,000 jobs worldwide as part of a € 2 billion cost reduction plan over three years. Of these, 4,600 cuts will be in France, in addition to more than 10 thousand in the rest of the world. The company has in fact reviewed its global production capacity: from 4 million vehicles produced in 2019 to 3.3 million by 2024.
The difficulties encountered by the group, the serious crisis facing the auto industry and the urgency of the ecological transition are all imperatives that are pushing the company to accelerate its transformation, Renault says in a statement. The expected changes are for Jean-Dominique Senard, president of the board of directors of Renault, fundamental to guarantee the sustainability of the company and its long-term development. The group, which employs 180,000 workers worldwide, has announced the suspension of plans to increase capacity in Morocco and Romania. In addition, the automaker is considering an adaptation of its production capacities in Russia and has announced the discontinuation of Renault-brand oil-powered automotive operations in China.