News Column

Renault to Cut 7,500 Jobs, Most Through Attrition, Retirement

Jan. 15, 2013

France's second-largest carmaker Renault announced plans Tuesday to cut 7,500 jobs by 2016.

Renault told trade unions that reducing the company's break-even point would require cost savings of 400 billion euros over the next three years.

Of the 7,500 job cuts targeted, 5,700 would be achieved by not replacing departing workers, said Renault's director of French operations, Gerard Leclercq.

The remainder could be achieved from early retirements, he said.

Renault employs about 44,000 people in France.

The announcement comes six months after PSA Peugeot Citroen, the country's leading carmaker, said it would close a French assembly plant and cut 8,000 jobs.

Source: Copyright 2013 dpa Deutsche Presse-Agentur GmbH

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