In February 2020 and just prior to the Covid-19 crisis, Renault unveiled a €2 billion three-year global cost cutting program. The ensuing health crisis and dealership closures have further exacerbated the group’s difficulties, and seen it rack up losses for the first half of 2020 of more than €7 billion. With French government pressure for progress, the trade unions secured the principle of non-recourse to a generalized redundancy plan and thus workforce reductions will proceed via the voluntary departure route.
2,500 voluntary departures. The voluntary departure plan (Collective Contractual Separation (RCC)) will run for 10 months and apply under certain conditions for employees not working in what are deemed to be strategic functions and professions.