French carmaker Renault is planning to cut approximately 3,000 jobs in support functions worldwide as part of a cost-saving initiative called “Arrow” that aims to reduce staff numbers by 15%.
The proposed job reductions, reported by French newsletter L’Informe, would primarily affect employees at Renault’s headquarters in Boulogne-Billancourt and other global locations. A source familiar with the matter suggested a final decision could be made by the end of the year. The job cuts are intended to simplify operations and optimize fixed costs in support services like human resources, finance, and marketing.
Renault has confirmed it is exploring ways to simplify operations and optimize fixed costs, citing uncertainties in the automotive market. The company reported a significant financial loss of 11.2 billion euros in the first half of the year, which included a 9.3 billion euro write-down on its partner Nissan. As of the end of 2024, Renault employed 98,636 staff worldwide.
