RENAULT TO CUT 14,600 JOBS WORLDWIDE

Renault SA plans to eliminate about 14,600 jobs worldwide and lower production capacity by almost a fifth in a move to dramatically reduce costs and outlast the downturn that has rocked the global auto industry. The plan includes the politically delicate task of trimming 4,600 positions in France, or about 10% of the carmaker’s total in its home country, through voluntary retirement and retraining, according to a statement on Friday. More than 10,000 further jobs will be scrapped in the rest of the world, pruning a global workforce of about 180,000 people. The measures round off a decisive week for Renault and its Japanese partners Nissan Motor Co. and Mitsubishi Motors Corp., drawing a line under a two-decade era of aggressive expansion under the alliance’s former leader, Carlos Ghosn, who was arrested in late 2018.