Unexpected Decision From Renault!

Unexpected Decision From Renault. Affected by the coronavirus epidemic, Renault announced it would lay off 15,000 employees. In a statement made by the world-famous car manufacturer, it was stated that in the next three years, it was decided to lay off 15 thousand people in order to reduce the total cost of the company by 2 billion euros. In a statement made by Renault, it was stated that it is aimed to reduce costs in the works carried out with engineering and subcontractor companies and it was decided to suspend the growth plans in Romania and Morocco. Following the announcement, it was stated that the global vehicle production capacity target, which was 4 million by 2024, was reduced to 3.3 million. Renault announced that it plans to dismiss a total of 4,500 employees in operations in France alone, and that negotiations are continued with trade unions in line with this plan. In the statement that the French company has 4 percent of the global automotive market in total, it was emphasized that the dismissal of 15 thousand employees within the scope of cost reduction targets alone will have a 1.2 billion-euro effect on reducing costs. The company currently has a total of 179 thousand employees in different parts of the world. “This plan was necessary,” said Clotilde Delbos, Renault's Senior Managing Director, about the dismissal. ''We need to change our perspective. We do not aim to be at the top of the world. We want a sustainable and profitable company. ”. Renault's total vehicle sales decreased by 3 percent in 2019 compared to the previous year, and by 25 percent in the first quarter of this year. Last week, French Economy Minister Bruno Le Maire stated that the French car brand Renault had serious financial difficulties due to the coronavirus outbreak and could pull the flag of bankruptcy. In an interview with the newspaper Le Figaro, Le Maire stated that Renault has requested 5 billion euros in financial support, but has not yet been approved. Total sales in the European Union (EU) car market decreased by 76.3 percent in April compared to the same period last year due to the epidemic.