Suspense over for Valladolid employees. Jean-Pierre Laurent, CEO of Renault Spain, confirmed that the group’s executive committee decided to allocate the production of two new vehicles to the Spanish factory: a small electric model for 2011 and a “traditional” model for 2013. Renault announced that it will put €500 million into the site, which will also have to develop a new “very green” engine by 2012. This announcement comes after the conclusion, last week, of a “pact for employment and competitiveness” between unions and the management of Renault Spain (see our dispatch No. 090883). With this pact, employees notably accepted an almost complete wage freeze for four years. Valladolid, historical center and a reference for the French carmaker in the Iberian Peninsula, employs around 7,000 of the group’s 10,000 Spanish employees. It suffered from the after-effects of the commercial failure of the “Modus” model which it exclusively produced. After announcing that the general management was considering shutting the site down, the Spanish representative proposed Spanish unions a sort of a “last hope” negotiation round to improve the site’s productivity and convince Paris to keep it.
0 Spanish employees. It suffered from the after-effects of the commercial failure of the “Modus” model which it exclusively produced. After announcing that the general management was considering shutting the site down, the Spanish representative proposed Spanish unions a sort of a “last hope” negotiation round to improve the site’s productivity and convince Paris to keep it.
Positive reactions. Jean-Pierre Laurent pointed out that the agreement was very hard to obtain and welcomed the cooperatio
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