Renault targets 3,000 job cuts amid cost-saving measures – report

Renault is set to propose voluntary redundancies for around 3,000 employees in support functions, in a move to streamline operations, as reported by Reuters, citing L'Informe, a French newsletter. The proposed job cuts form part of the French automaker’s broader cost-saving initiative, known as “Arrow”, which aims to reduce the workforce in non-production areas such as finance, marketing, and human resources by 15%. The job cuts are expected to impact personnel at Renault's main office in the Parisian su ...