US EditionRenault Plans to Cut 3,000 Jobs
11 Articles
11 Articles
Renault plans to cut 3,000 jobs
French carmaker Renault plans to cut 3,000 jobs through a voluntary redundancy offer for staff in support functions, French newsletter L'Informe reported on Saturday. Under a cost savings plan dubbed "Arrow", Renault wants to cut staff numbers in support services such as human resources, finance and marketing by 15%, which is expected to lead to about 3,000 job cuts at the carmaker's headquarters in the Paris suburb of Boulogne-Billancourt and o…
Auto Industry Shakeup: Renault Set to Lay Off 3,000 Employees Amid Sector Challenges - Business League
News of layoffs in the auto sector is once again making headlines. Major French carmaker Renault SA is preparing to cut the jobs of thousands of employees. After IT giants like TCS and Microsoft, now the sound of layoffs is being heard in the automobile sector as well. Amidst the pace of electric vehicles, pressure of global recession and increasing competition, now the French car manufacturer Renault SA is preparing to cut down its employees on…
A new wave of concessions hits the European car industry, and one of the largest producers announces massive restructuring. The French group Renault intends to eliminate about 3,000 posts worldwide, according to a report published by L’Report and quoted by Reuters. The measure comes within a broad economic programme called ‘Arrow’, which aims at [...]
Renault to Cut 3,000 Jobs in Global Cost-Cutting Push
According to reports, the French automaker Renault intends to implement a voluntary redundancy scheme, which allows workers to opt out of the firm in exchange for a financial settlement rather than being fired outright, to lay off 3,000 workers globally, mostly in support positions. According to the French newsletter L'Informe, the final decision regarding the layoff is anticipated to be taken by the end of the year.Why Renault Opted to Reduce t…
Coverage Details
Bias Distribution
- 34% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
