We thought too big, Renault says as it axes 15,000 jobs in cost-cutting reboot

We thought too big, Renault says as it axes 15,000 jobs in cost-cutting reboot

The previous line was volumes and sales and being the first on the podium," Delbos said. ". The company, due to bring ex-Volkswagen executive Luca de Meo on board as CEO in July, said it would cut costs by reducing the number of subcontractors in areas such as engineering and the number of components it uses, as well as shrinking gearbox manufacturing worldwide.. Renault, which is 15% owned by the French state, faces the most sensitive restructuring measures in its home country, which will shoulder almost a third of the global job cuts and faces potential plant closures.. Six sites out of Renault's 14 plants in France - including a component factory in Brittany and the Dieppe factory where the group's Alpine cars are made - will be under review, though most changes would take effect after 2022, Delbos said.. Some of the six plants like the one in Flins, close to Paris, where it makes its electric Zoe models, could cease to assemble cars and centre on recycling activities instead, the company said.. There will be about 4,600 job cuts in France, though Renault said it would prioritise employment transfers, voluntary departures and retirement schemes..