PARIS (AFP) - French auto giant Renault plans to cut around 15,000 jobs worldwide, including 4,600 in France, as part of a two billion euro cost-cutting plan over three years, sources said on Thursday (May 28).. Read more at straitstimes.com.
PARIS - French auto giant Renault plans to cut around 15,000 jobs worldwide, including 4,600 in France, as part of a two billion euro cost-cutting plan over three years, sources said on Thursday .
Its annual global production capacity will be reduced from a current figure of four million vehicles to around 3.3 million. Consultations with staff representatives in France will start from next month. It also pushed the automaker to join a European initiative on batteries for electric cars. The French state holds a 15 percent stake in Renault.
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