French carmaker Renault could unveil job cuts and plants closures on Thursday as the company looks to save 2 billion euros ($2.2 billion) in costs, a representative for far-left union CGT said on Monday.
) could unveil job cuts and plants closures on Thursday as the company looks to save 2 billion euros in costs, a representative for far-left union CGT said on Monday.
Renault has called for a meeting with unions on Thursday regarding its cost-saving plans, the representative said. The French carmaker, which last year posted its first loss in 10 years, is expected to detail a drastic three-year savings plan at the end of the week.
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