Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Renault Seeks 6.5% More Work Hours at French Car Plants

Jan. 9 (Bloomberg) -- Renault SA, France’s second-biggest carmaker, is seeking a 6.5 percent increase in work hours at its domestic factories in an effort to reduce spending 65 million euros ($85 million) a year to boost profit.

The manufacturer will seek unions’ agreement for a 35-hour workweek at all its sites in France when the two sides meet Jan. 15 to discuss efficiency measures, Raluca Barb, a Renault spokeswoman, said in a phone interview today.

Renault, based in the Paris suburb of Boulogne-Billancourt, is among European carmakers struggling with excess capacity as the region’s market is set to shrink for a sixth consecutive year. Executives told union leaders in November that industrywide sales won’t start picking up again before 2018.

Chief Operating Officer Carlos Tavares said on Sept. 28 that there are too many car plants in Europe and that he expected to find common ground with French unions on competitiveness moves “in the next few months.” Tavares cited Renault’s factory in Palencia, Spain, and a Sunderland, England, site run by affiliate Nissan Motor Co. as examples of efficiency to emulate.

PSA Peugeot Citroen, Europe’s second-biggest carmaker and Renault’s larger domestic competitor, estimated today that the European auto market will shrink 3 percent to 5 percent in 2013.

To contact the reporter on this story: Mathieu Rosemain in Paris at mrosemain@bloomberg.net

To contact the editor responsible for this story: Chad Thomas at cthomas16@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.