Renault plans to cut 15,000 jobs worldwide, including 4,600 in France. The project, which must be made public on Friday morning, was presented to union organizations on Thursday evening during a group social and economic committee.

Renault is on the rise: 15,000 jobs will be lost, including almost a third in France…

The race for volumes that prevailed during Carlos Ghosn's time is over. Renault, like its Japanese ally Nissan, reduced the airfoil. Its production capacity will be reduced from 4 million cars per year to 3.3 million. Consequence: 15,000 fewer jobs or 8% of its workforce. In France, 4,600 jobs will be cut, half of which are managers and engineers. The plan is to be announced this morning. There will be no forced departures depending on the direction. The Flins plant in the Paris region will not be closed, but its workforce will increase from 2,600 to 1,600 employees and it will no longer assemble models, it will focus on engineering and prototypes.

The message from Renault and Nissan is that they are oversized…

Yes, the case of Nissan is enlightening: it has sold 5 million cars in the past year while its factories are capable of producing more than 7 million. Like Renault, it suffers from overcapacity. "It is time to frankly recognize all our mistakes and change course," said Nissan CEO yesterday, announcing a net loss of 5.7 billion euros which will weigh very heavy -3.5 billion- in Renault accounts since Renault owns 40%. In short, the entire Renault-Nissan-Mitsubishi building is today forced to cut to the heart. Thanks to the plan announced this morning, Renault wants to save 2 billion euros. A question of survival.