Renault considers 3,000 job cuts under cost-saving plan, eyes efficiency in support functions: Report
Renault considers 3,000 job cuts under cost-saving plan, eyes efficiency in support functions: Report
French automaker Renault intends to shed approximately 3,000 jobs, about 15% of its headquarters staff, via a voluntary redundancy scheme for support functions. This "Arrow" cost-cutting drive follows a substantial first-half net loss and aims to simplify operations amidst intense market competition. Renault confirms exploring measures to optimize fixed costs and speed up execution.
French automaker Renault intends to shed approximately 3,000 jobs, about 15% of its headquarters staff, via a voluntary redundancy scheme for support functions. This "Arrow" cost-cutting drive follows a substantial first-half net loss and aims to simplify operations amidst intense market competition. Renault confirms exploring measures to optimize fixed costs and speed up execution.
French automaker Renault intends to shed approximately 3,000 jobs, about 15% of its headquarters staff, via a voluntary redundancy scheme for support functions. This "Arrow" cost-cutting drive follows a substantial first-half net loss and aims to simplify operations amidst intense market competition. Renault confirms exploring measures to optimize fixed costs and speed up execution. 
