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Renault to cut up to 20% of engineers

Renault developed the new electric version of its classic Twingo subcompact in two years -- half the normal time
Renault developed the new electric version of its classic Twingo subcompact in two years -- half the normal time - Copyright AFP/File Thomas SAMSON
Renault developed the new electric version of its classic Twingo subcompact in two years -- half the normal time - Copyright AFP/File Thomas SAMSON

French carmaker Renault said Tuesday that it plans to reduce its number of engineers by 15 to 20 percent in the coming two years as it seeks to remain competitive.

A company spokesman said the reductions, out of a total of some 12,000 engineering posts worldwide, would be made without forced layoffs. 

The carmaker, which has made a push into battery electric vehicles, has sought to reduce costs by speeding up development.

Renault developed its recently launched electric Twingo subcompact in two years, half the normal time, by working with its Chinese partners.

The company said last month it aims to lower the costs of its electric cars by 10 to 30 percent, with much of this by reducing development costs.

The spokesman said development of new technologies and fundamental design work would remain in France.

Engineering centres in other countries such as Brazil, India, Morocco, Romania, South Korea, Spain, and Turkey will also be reducing the number of engineering posts.

AFP
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With 2,400 staff representing 100 different nationalities, AFP covers the world as a leading global news agency. AFP provides fast, comprehensive and verified coverage of the issues affecting our daily lives.

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