Renault to slash 14,600 jobs as coronavirus wreaks havoc on auto industry

📆 5/29/2020 5:50 AM
📰 CNN

⏱ Reading Time:
19 sec. here
2 min. at publisher
📊 Quality Score:
News: 11%
Publisher: 95%

United States News News

United States United States Latest News,United States United States Headlines

Renault is slashing 14,600 jobs as part of a major overhaul designed to reduce costs and help the French carmaker survive the coronavirus pandemic. Some 4,600 positions will be eliminated in France, with 10,000 more in other markets.

Hong Kong

The company announced Friday that it will cut costs by more than 2 billion euros over the next 3 years. It also plans to reduce the number of cars it makes each year from 4 million to 3.3 million by 2024, and will stop selling Renault-branded vehicles in China.Renault is part of the world's biggest carmaking alliance, alongside Nissan and Mitsubishi .

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

This is clearly the most dastardly act happening right in the self acclaimed God's own country. it's a shame.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

14 Fashion Insiders on the Best Strapless Bras on the Market\u201cTo be honest, my favorite strapless bra is no bra, however, when I absolutely have to wear one my go-to is the Commando Bandaeu Bra. It has been a lifesaver one too many times for me. It's the perfect combination of comfort and functional. I actually have three of the same one!\u201d Adrienne Faurote, Powers PR Duhh
Source: ELLE Magazine (US) - 🏆 472. / 51 Read more »