- Coronavirus. Standard & Poor's downgrades Renault to "BB + / B"
- Renault fired CEO Thierry Bolloré
ShareMay 29, 2020 The French car manufacturer Renault announces the cut of 15,000 seats worldwide, of which 4,600 in France. The layoffs take place within the framework of a three-year 2 billion euro savings plan. "This project is vital," comments chief financial officer Clotilde Delbos in a statement. The company that suffers from global overproduction due to the crisis triggered by the coronavirus, last February had announced its first losses in 10 years now.