Advertisement
Canada markets close in 49 minutes
  • S&P/TSX

    21,982.14
    +96.76 (+0.44%)
     
  • S&P 500

    5,110.27
    +61.85 (+1.23%)
     
  • DOW

    38,296.52
    +210.72 (+0.55%)
     
  • CAD/USD

    0.7323
    -0.0001 (-0.01%)
     
  • CRUDE OIL

    83.75
    +0.18 (+0.22%)
     
  • Bitcoin CAD

    87,415.35
    -829.20 (-0.94%)
     
  • CMC Crypto 200

    1,333.10
    -63.43 (-4.38%)
     
  • GOLD FUTURES

    2,351.30
    +8.80 (+0.38%)
     
  • RUSSELL 2000

    2,003.34
    +22.22 (+1.12%)
     
  • 10-Yr Bond

    4.6690
    -0.0370 (-0.79%)
     
  • NASDAQ

    15,950.48
    +338.72 (+2.17%)
     
  • VOLATILITY

    15.05
    -0.32 (-2.08%)
     
  • FTSE

    8,139.83
    +60.97 (+0.75%)
     
  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     
  • CAD/EUR

    0.6837
    +0.0016 (+0.23%)
     

Renault plans 2,000 job cuts in France as it moves to electric cars

Logo of Renault carmaker is pictured at a dealership in Les Sorinieres

PARIS (Reuters) - French carmaker Renault said on Thursday it would cut up to 2,000 engineering and support jobs in France as it shifts into electric cars and hires in different positions.

The loss-making group, which has already announced around 4,600 job cuts in the country as part of a broad restructuring, said in a statement it was opening talks with unions about the latest plans.

Overall it will create 500 net new jobs, it said, after hiring 2,500 people in other functions, and Renault said it aimed to build nine new car models in France.

Like rivals, Renault is trying to bulk up its electric car offering, and it said the new hires would be in areas such as data sciences or chemistry specialists, as it looks to build its expertise in batteries for example.

(Reporting by Sarah White; editing by John Irish)