Jump to content

MyCarForum Logo
Search
Magnifying glass

SEARCH

0

Renault to cut 7,500 jobs in France by 2016

By SYF77 on 20 Jan 2013

Attached Image

Renault plans to cut 7,500 jobs in France by 2016 as a result of declining sales in Europe. This represents 17 percent of its current workforce in the country. The company would achieve its target mainly by not replacing retiring workers and by offering early retirement.

Attached Image

The French carmaker's sales in Europe sank 19% between January to November 2012, which is the steepest among major car manufacturers in the region.

The plan would save Renault 400 million euros a year in annual fixed cost, which is required to lower its break-even point. Despite the reduction in workforce, CEO Carlos Ghosn announced that no plants in France will be closed.

Year 2012 is tough but 2013 is not expected to be smooth riding either. Carlos said at the Detroit Motor Show that he expects the European market to be "difficult" in 2013, predicting that car sales would fall about 3%, after contracting 8 % in 2012.

Renault's action adds further woes to France's ailing industrial sector.

sales report, discussions and 9 more...

Viewed: 882 times

Related Blog Posts
SYF77
Written by SYF77
I have been a car fanatic since 1989, when my father was changing our family car then to a Toyota Corolla 1.6 GL fitted with a Twin Cam 16 valve engine that was carburetor-fed, a big deal back in those days. The automobile technology and industry fascinates me and I hope to broadcast these interesting developments to everyone out there through this blog.



 
Car Makes

Please select a car make

Facebook Likes
   Featured Blog Post
Photo
The Honda NSX is slated to come Singapore some time next year and according to paultan.org, it is...
POPULAR BLOG POSTS
Photo
According to Autocar, Mercedes-Benz is already developing the second generation of the model and...
Photo
A New Jersey luxury car dealership is being sued by a United States resident and Indian national...
Photo
For those who tend to park illegally, be glad that we don't have enforcement methods like thi...
Photo
The Honda NSX is slated to come Singapore some time next year and according to paultan.org, it is...
Photo
Renault's next Megane RS has been spotted in South Europe doing some testing with minimal cam...
   Lifestyle Articles