Faced with a downturn in demand compounded by the coronavirus crisis, Renault is aiming to find 2 billion euros ($2.22 billion) in savings over the next three years as it shrinks production and hones in on more profitable models.
It said the restructuring measures — including the job cuts, transfers and retirement plans that would affect just under 10% of its global workforce — would cost 1.2 billion euros.
Some 4,600 jobs would go in France, though largely through a voluntary departure plan and a retirement scheme, Franck Daout of the CFDT trade union told REUTERS.
The overall cuts would affect just under 10% of Renault's 180,000 global workforce. The firm has around 48,500 staff in France.
Similar model to the one in the graphic.