Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
The French carmaker, which is in financial difficulty, has announced it will cut around 15,000 jobs worldwide, including 4,600 in France, as part of a three-year savings plan designed to save more than €2 billion. The job reduction plan was presented on 29 May to the trade unions at a meeting of the Group's Central Social and Economic Committee (CCSE). Renault intends to rely on retraining measures, internal mobility and voluntary departures. Forced dismissals will be avoided.
In France, the plan is expected to affect four sites, under conditions that remain partly undefined: Caudan (Morbihan), Choisy-le-Roi (Val-de-Marne), Dieppe (Seine-Maritime) and Maubeuge (Nord). Renault also announced a reorganisation of the R&D activities of its technocentre in Guyancourt (Yvelines). The project includes the cessation of automobile production at Flins (Yvelines), with the end of production of the Zoe electric car model after 2024. The plant, which currently employs 2 600 people, will be reconverted and will take over the activity of the Choisy-le-Roi site, which is specialised in the recycling of parts. Only the Choisy-le-Roi site, which employs 263 people, will close. The plan calls for nearly 4,600 jobs to be cut in France, out of 48,000.
Some activities are being moved to countries with lower costs, such as Romania. Some mechanical activities are being repatriated from Turkey.
Eurofound (2020), Renault, Internal restructuring in France, factsheet number 100758, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/100758.
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