French carmaker Renault SA is weighing plans that could lead to as many as 3,000 job cuts worldwide, the French news site l’Informe has reported.
According to Agence France-Presse, which cited the report, the plan would reduce positions in support services — including human resources, finance and marketing — by about 15%.
Bloomberg also reported the same citing the French news site l’Informe report.
Renault did not immediately comment when reached by Bloomberg on Saturday. In its response to AFP on Friday, the company said it had no number to communicate because no decision had been made. It added that it was considering ways to simplify operations, speed up execution and optimise fixed costs.
Renault has been mostly shielded from U.S. tariffs since it does not sell cars in the American market, but it has still felt the impact indirectly, Reuters had reported earlier. European rivals, squeezed by U.S. trade barriers, have been pushing harder to sell in Renault’s home region, adding pressure on the French company.
At the same time, Renault is facing tougher competition from Chinese players, both in electric and hybrid vehicles.
With Europe — where Renault sells more than 70% of its cars — showing little growth, the company needs to expand in emerging markets. It has already announced plans to invest €3 billion ($3.4 billion) to launch eight new Renault models for non-European markets by 2027.
According to Agence France-Presse, which cited the report, the plan would reduce positions in support services — including human resources, finance and marketing — by about 15%.
Bloomberg also reported the same citing the French news site l’Informe report.
Renault did not immediately comment when reached by Bloomberg on Saturday. In its response to AFP on Friday, the company said it had no number to communicate because no decision had been made. It added that it was considering ways to simplify operations, speed up execution and optimise fixed costs.
Renault has been mostly shielded from U.S. tariffs since it does not sell cars in the American market, but it has still felt the impact indirectly, Reuters had reported earlier. European rivals, squeezed by U.S. trade barriers, have been pushing harder to sell in Renault’s home region, adding pressure on the French company.
At the same time, Renault is facing tougher competition from Chinese players, both in electric and hybrid vehicles.
With Europe — where Renault sells more than 70% of its cars — showing little growth, the company needs to expand in emerging markets. It has already announced plans to invest €3 billion ($3.4 billion) to launch eight new Renault models for non-European markets by 2027.
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