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Renault weighs sacking up to 3,000 employees worldwide: Report
The Economic Times· 2025-10-04 09:16
Core Viewpoint - Renault SA is considering plans that could result in up to 3,000 job cuts globally, primarily affecting support services such as human resources, finance, and marketing, with a potential reduction of about 15% in these areas [1][2][3]. Group 1: Job Cuts and Operational Changes - The company is evaluating ways to simplify operations, accelerate execution, and optimize fixed costs, although no final decision has been made regarding the job cuts [3]. - Reports indicate that the job cuts could amount to approximately 3,000 positions worldwide [1]. Group 2: Market Challenges - Renault has been largely insulated from U.S. tariffs since it does not sell cars in the American market, but it has still experienced indirect impacts due to increased competition from European rivals [4]. - The company is facing intensified competition from Chinese manufacturers in both electric and hybrid vehicle segments [7]. Group 3: Strategic Investments - With over 70% of its sales occurring in Europe, which is showing limited growth, Renault is looking to expand into emerging markets [7]. - The company has announced plans to invest €3 billion (approximately $3.4 billion) to introduce eight new models targeted at non-European markets by 2027 [7].