Renault to cut 7,500 jobs in France
16 January 2013
The French car manufacturer plans to cut 7,500 jobs by 2016, approx 14% of its workforce in France.
This would save the company around 396m euros (£328m) in costs according to Renault.
Renault said it expects around 5,700 jobs to go through natural wastage, with the remaining job cuts coming from an extension of an early retirement programme.
In 2012 Renault's car registrations in France fell by 20% to 551,334. Across Europe, cars sales are dwindling. They fell to 11 million in the first 11 months of 2012, the lowest they have been since 1993.
Peugeot-Citroen is closing a plant near Paris and plans to lay off over 10,000 French workers. Last week, it revealed that its sales had fallen by 16.5% worldwide. On Friday, Honda announced that it is cutting 800 jobs at its Swindon-based UK plant.
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