French carmaker Renault is planning to cut approximately 3,000 jobs in support functions worldwide, according to a report by French newsletter L’Informe. The proposed job reductions are part of a cost-saving initiative called “Arrow” that aims to reduce staff numbers in support services like human resources, finance, and marketing by 15%.
The job cuts would primarily affect employees at Renault’s headquarters in Boulogne-Billancourt and other global locations. A source familiar with the matter suggested a final decision could be made by the end of the year. Renault has confirmed it is exploring ways to simplify operations and optimize fixed costs, citing uncertainties in the automotive market.
The job reduction plan comes after Renault reported a significant financial loss of 11.2 billion euros in the first half of the year, which included a 9.3 billion euro write-down on its partner Nissan. As of the end of 2024, Renault employed 98,636 staff worldwide.
