Renault to axe 300 fewer posts by 2024

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eparture targets at Renault for next 2022-2024 plan have been readjusted: from 2,000 to fewer than 1,700 departures.

Renault says it will reduce the number of job cuts by more than 300 by 2024 as voluntary departure uptake has increased.

In September this year, the automaker announced plans to cut up to 2,000 engineering and support jobs in France, as it looks to transition to new mobility.

The automaker’s management and French labour bodies started talks with a view to concluding a nationwide multi-year labour agreement for the period, 2022-2024.

“On 16 September and in the context of the multi-annual negotiations for France, Renault Group announced its intention to implement 2,000 departures in product and production engineering and in support functions,” said a statement sent to Just Auto from Paris.

“Given the acceleration of voluntary departures thanks to the collective severance agreement and activity exemption measures resulting in 2021, departure targets for the next 2022-2024 plan have been readjusted: from 2,000 to less than 1,700 departures. The target of 2,500 recruitments remains unchanged.”

Despite the job reductions, Renault previously noted France would become its central hub for electric vehicles. It will intensify industrial activity in the EV field and production of core electric engines would be established within French borders.