Renault gives green light to the 5 billion state guarantee loan

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MILAN – After negotiations and controversy, the French Minister of Economy and Finance, Bruno Le Maire, will today give the green light to the loan guaranteed by the state of 5 billion euros for Renault. Le Maire “will sign the loan guarantee that will be granted to Renault today”, said the Ministry of Economy toAfp. The minister, said the same source, “asked that a social and technical dialogue be opened immediately, to develop an industrial project for the future, capable of guaranteeing in the long term – beyond 2023 – the work and the level of industrial activity at the Maubeuge site (in the North of France) and in the territory “.

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The topic was the subject of a meeting between the parties involved, after which at AFP, Xavier Bertrand, president of Hauts-de-France, said that activity and employment at the Mca site, Renault plant in Maubeuge, will be maintained “beyond 2023”. At the summit in Bercy in the presence of Bruno Le Maire, there were the leaders of Renault and the unions. “The minister (of the economy) has well understood everyone’s determination and has clearly understood the message: no at the closure of Mcam Mca will not become an empty box,” said Bertrand.
Over the weekend, some 8,000 workers from the French car company protested outside the Maubeuge factory against the restructuring plan, which provides for 4,600 job cuts in France and 15,000 cuts globally. The plant, which employs around 2,100 people, has been stopped in recent days.

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According to the new plan, Maubeuge’s Kangoo electric vehicle production will move to Douai, 70 kilometers away. “An earthquake is going on. We want to keep our company here,” said union member Jerome Delvaux. “This demonstration is very important today, even if it is only a first step, to show the government and Renault that the workers and residents of this area are engaged in this company,” added Delvaux. “We need these jobs, otherwise an entire territory will die,” he said.

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