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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.
