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flag Renault considers up to 3,000 global job cuts to cut costs amid losses and boost EV expansion.

flag Renault is considering up to 3,000 job cuts globally, primarily in support roles like HR, finance, and marketing, as part of a cost-reduction effort called "Arrow" aimed at streamlining operations and cutting fixed costs. flag The move, which could reduce support staff by about 15%, is under review, with no final decision made yet. flag The automaker reported a significant net loss in early 2024, driven by weak van demand, EV transition costs, and a major write-down on its Nissan stake. flag Facing intense competition from Chinese EV makers and indirect pressure from U.S. tariffs affecting European rivals, Renault plans to invest €3 billion by 2027 to launch eight new models in emerging markets.

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