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About: http://data.cimple.eu/news-article/a451ba4b3f6acfc3a7a9bff3a6c9a5d075b6d867394a2acbeb816045 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	French auto giant Renault plans to cut around 15,000 jobs worldwide, including 4,600 in France, as part of a two billion euro cost-cutting plan over three years, sources said Thursday. The plan, which is set to be announced publicly on Friday, was explained to unions by the company on Thursday evening, multiple sources with knowledge of the matter told AFP. The company hopes to bring about the job cuts without redundancies through voluntary departures, internal mobility measures and retraining, the sources added. Its annual global production capacity will be reduced from a current figure of four million vehicles to around 3.3 million. Consultations with staff representatives in France will start from next month. The car industry faces an existential crisis from the coronavirus pandemic, which has caused sales to plunge as governments have forced citizens to stay at home to slow the spread of the virus. Renault is in talks with the French government to obtain a 5-billion-euro state-backed loan, but the French government has made this conditional on guarantees for workers and production to remain in the country. It also pushed the automaker to join a European initiative on batteries for electric cars. The French state holds a 15 percent stake in Renault. France had on Tuesday announced an 8 billion-euro plan to support the auto industry that President Emmanuel Macron said he hoped would help make the country the European leader in the manufacture of electric cars. Renault and its partners Nissan and Mitsubishi had unveiled Wednesday a plan to deepen their alliance, a top global producer of cars, that only months ago seemed on the verge of breakup. Even before the current crisis, Renault had been rocked by the departure of emblematic CEO Carlos Ghosn, who was arrested in Japan in November 2018 over allegations of financial misconduct, including under reporting salary and misuse of company assets at Renault partner Nissan. Brazilian-born Ghosn, who also has French and Lebanese nationality, is now in Lebanon, where he fled in December after jumping bail in Japan. aro-er/sjw/ach
schema:headline	Renault to cut 15,000 jobs in 2 bn euro cost cutting plan
schema:mentions	Carlos Ghosn Renault Agence France-Presse USA Gymnastics Lebanon Ebola virus disease President of France Emmanuel Macron Japan Chief executive officer Pandemic France Severe acute respiratory syndrome coronavirus 2 Nissan Group Existential crisis Mitsubishi Social justice
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-05-28 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	82 (xsd:integer)

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