Renault Reports H1 Sales Increase, Plans Job Cuts to Boost Profit
Renault Group has reported a 1.3% increase in global sales for the first half of 2025, selling 1,169,773 vehicles. Despite this, the company faced an €11.2bn net loss, largely due to a €9.3bn write-down linked to its association with Nissan. Renault is set to announce a job reduction plan by the end of 2025, impacting personnel at its main office and global sites.
The job cuts are part of Renault's 'Arrow' cost-saving initiative, aiming to reduce the workforce in non-production areas by 15%. Around 3,000 employees in support functions are expected to be offered voluntary redundancies. The company has not confirmed specific figures, and no decisions have been made yet. Renault's new CEO, Francois Provost, is focusing on enhancing profit margins and improving the company's credit rating. The job cuts are part of his strategy to navigate challenges from US tariffs and Chinese competitors.
Renault, along with its alliance partners Nissan and Mitsubishi Motors, is entering a new phase focused on electric vehicle development and industrial synergies within Europe. The company is considering employees in redundant roles, older employees close to retirement, or those whose functions are being restructured as potential candidates for voluntary departure plans to simplify operations. However, as of October 2025, there is no public disclosure of specific eligibility criteria or timelines for decisions in Germany or other regions.
Renault's job reduction plan is expected to be finalized by the end of 2025, with around 3,000 employees in support functions potentially offered voluntary redundancies. The company aims to enhance profit margins and navigate industry challenges through this cost-saving initiative. The final details and impact on specific regions are yet to be confirmed.
Read also:
- State Supreme Court Rules in Favor of Hogg Hummock Residents, Referendum on Zoning Change to Proceed
- chaos unveiled on Clowning Street: week 63's antics from 'Two-Tier Keir' and his chaotic Labour Circus
- Budget discrepancy jeopardizes highway projects' financial support
- Racing ahead in Renewable Energy Dominance: Changzhou, Jiangsu Pushes for Worldwide Renewable Energy Ascendancy
