Renault plans to announce 15,000 layoffs globally!
News by Editorial Team 29 May 2020
French carmaker Renault is all set to announce about 15,000 layoffs globally. According to the CFDT union, the move was announced on Friday, as it unveiled its plan to boost its profitability and cope up with staggering sales. The union also revealed about 4,500 jobs would go in France, however, a large part of the job loss would be through a voluntary departure plan and a retirement scheme. The union also stated that about 10% of Renault’s 180,000 global workforces would be affected by these job cuts. The company has about 48,500 staff members in the country.