Renault Weighs Up to 3,000 Job Cuts

Renault is weighing cuts of up to 3,000 jobs worldwide through a voluntary redundancy programme called “Arrow,” targeting support functions including human resources, finance and marketing — roughly a 15% reduction at its Boulogne-Billancourt headquarters and other locations. The company has not made a final decision and says a conclusion on the plan could come by year-end. The move follows a difficult first half that included an €11.2 billion net loss driven largely by a €9.3 billion write-down on Nissan and a fall in underlying net income to €461 million amid weaker van demand, EV costs and rising commercial pressure. New CEO Francois Provost, appointed in July, faces the tasks of restoring margins, securing an investment-grade credit rating and countering pressures including U.S. tariffs and growing Chinese competition. To offset limited growth in Europe, Renault is shifting focus to emerging markets and has announced a €3 billion investment to roll out eight new models outside Europe by 2027.