French automaker Renault has announced a significant restructuring plan targeting its engineering division. The company confirmed it will cut approximately 2,000 engineering jobs in France by 2025. This move is part of a broader strategy to reduce costs by 2 billion euros.
The job reductions will be achieved primarily through voluntary departures and internal mobility, rather than forced layoffs. The plan focuses on streamlining operations and improving efficiency within the company's research and development activities.
This restructuring comes as Renault, like many traditional automakers, faces intense pressure from the transition to electric vehicles and increased competition. The cost-saving initiative is designed to free up resources for investment in new technologies, including software and electrification.
The company stated that the changes are essential to ensure its long-term competitiveness and to accelerate its strategic transformation. The announcement follows similar cost-cutting measures undertaken by other major automotive groups in recent years.
