Renault will lay off approximately 15%-20% of employees globally, meaning 2,400 people, as part of the 'Arrow' savings plan, targeting the human resources, finance, and marketing departments.

Renault has announced the layoff of 2,400 employees, representing 15%-20% of its global workforce, as part of the cost-saving plan called 'Arrow'. This decision particularly affects the human resources, finance, and marketing departments, in the context where Renault has between 100,541 and 12,000 employees in the automotive engineering field. The CEO, François Provost, emphasized the need to adopt the working methods of Chinese car manufacturers, known for their low costs and short development times. Additionally, Renault reported a net loss of 11.2 billion euros in the first half of last year, and the new CEO is tasked with restoring profit margins and improving the company's credit rating. The staff reductions are part of a transformation strategy aimed at simplifying operations and optimizing fixed costs.