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Renault Gets Union Backing to Cut 1,700 French Jobs for EV Shift

  • Carmaker reaches three-year deal with labor representatives
  • Renault agrees to keep sites open, make models in France
Luca de Meo
Luca de MeoPhotographer: Alex Kraus/Bloomberg

A majority of Renault SA unions signed on to a plan to eliminate 1,700 jobs in France as part of the automaker’s manufacturing overhaul and shift to electric vehicles.

In exchange for agreement to the reductions, the manufacturer will base nine new models and target production of more than 700,000 vehicles a year in the country, according to a statement Tuesday. The job cuts will come between 2022 and 2024, while 2,500 people will be hired during the period.