French automaker Renault plans to announce plans to cut 5,000 jobs by 2024 in order to save two billion euros ($ 2.20 billion) in costs.
According to Reuters, Le Figaro newspaper said on its website that the company was still waiting to finalize a planned loan from the state worth five billion euros, which is subject to talks between The management and labor unions regarding the labor force and factories in France will not resort to complete layoffs.
Le Figaro added that Renault will give priority to not replacing employees who intend to retire.
Renault declined to comment on Le Figaro's report when Reuters contacted her.
Reuters reported on Monday that Renault, which has a large workforce of 48,500 in France until 2019, may on Thursday disclose job cuts and plant closures within the framework of Its plan to save costs.
Earlier on Tuesday, President Emmanuel Macron announced a plan worth eight billion euros to make France the largest producer of clean energy cars in Europe and appealed to car makers The French automaker inside its own country.
