29/05/2020  · PARIS (Reuters) – Renault acknowledged that its global ambitions had been unrealistic, announcing plans to cut about 15,000 jobs, shrink production and restructure french plants as it …

PARIS — Renault acknowledged that its global ambitions had been unrealistic, announcing plans to cut about 15,000 jobs, shrink production and restructure French plants as it pressed the reset…

29/05/2020  · "We thought too big in terms of sales," said interim Chief Executive Clotilde Delbos, adding the company was "coming back to its bases" after investing and spending too much in recent years. Renault <RENA.PA> was under pressure even before COVID-19 hit, posting its first loss in a decade in 2019, and has said nothing would be "taboo" as it reviews its business.

We thought too big, Renault says as it axes 15,000 jobs in cost-cutting reboot originally appeared on Autoblog on Fri, 29 May 2020 08:54:00 EDT. Please see our terms for use of feeds. Please see …

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