French group Renault will suspend the capacity increase project at the Dacia plant in Romania, as part of a bigger plan to cut fixed costs by more than EUR 2 billion over the next three years, according to Romania-Insider.com.
“The difficulties encountered by the group, the major crisis facing the automotive industry, and the urgency of the ecological transition are all imperatives that are driving the company to accelerate its transformation,” Renault said in its presentation.
The plan is based on a more efficient approach to operational activities and rigorous management of resources.
The group also considers workforce adjustments to return to profitable and sustainable growth. “This workforce adjustment project would be based on retraining measures, internal mobility, and voluntary departures. It would be spread over three years and would concern nearly 4,600 posts in France, to which would be added the reduction of more than 10,000 other positions in the rest of the world,” the group said in a press release.
Read more HERE