UK markets closed
  • FTSE 100

    7,018.60
    -140.92 (-1.97%)
     
  • FTSE 250

    17,972.69
    -359.01 (-1.96%)
     
  • AIM

    833.59
    -13.83 (-1.63%)
     
  • GBP/EUR

    1.1202
    -0.0238 (-2.08%)
     
  • GBP/USD

    1.0847
    -0.0408 (-3.62%)
     
  • BTC-GBP

    17,450.31
    -233.18 (-1.32%)
     
  • CMC Crypto 200

    434.61
    -9.92 (-2.23%)
     
  • S&P 500

    3,693.23
    -64.76 (-1.72%)
     
  • DOW

    29,590.41
    -486.29 (-1.62%)
     
  • CRUDE OIL

    79.43
    -4.06 (-4.86%)
     
  • GOLD FUTURES

    1,651.70
    -29.40 (-1.75%)
     
  • NIKKEI 225

    27,153.83
    -159.27 (-0.58%)
     
  • HANG SENG

    17,933.27
    -214.63 (-1.18%)
     
  • DAX

    12,284.19
    -247.41 (-1.97%)
     
  • CAC 40

    5,783.41
    -135.09 (-2.28%)
     

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

·1-min read
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)