Renault anncounces job cuts in France

 

Renault has announced that it intends to cut over 5500 jobs after its French new car registration are the lowest they have been since 1997.

These job cuts do include redundancies and retirements but the total reduction does equal 14 % of the total Renault force in France.

According to Renault CEO “Carlos Ghosn” they have no intentions of closing and production plants but the cuts are needed to keep the busineess profitable / break even.