Renault (RNLSY) is considering job cuts of up to 3,000 positions worldwide, Alan Katz of Bloomberg reports, citing French news site l’Informe. The cuts would reduce jobs in support services, including human resources, financing, and marketing, by 15%. In a statement, the company said it had no number to communicate because no decision has been made. “Given the uncertainties in the automotive market and the extremely competitive environment, we confirm that we are considering ways to simplify, speed up execution, and optimize our fixed costs,” the company added.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RNLSY: