Renault To Cut Nearly 15,000 Jobs

The company plans to cut 15,000 jobs and reduce vehicle production capacity due to financial struggles amid the COVID-19 pandemic. A press release outlines a strategy to save $2.2 billion over three years and enhance competitiveness. The company also aims to lower its global production from 4 million to 3.3 million vehicles by 2024. A 25% sales drop has led to negotiations for an emergency loan with the French government. Meanwhile, Nissan, a partner company, will close plants in Spain and Indonesia to address its financial challenges.

What is the total number of jobs the company plans to cut?

What is the company's goal in terms of cost savings?

By how much does the company aim to reduce its global production capacity of vehicles?

What percentage drop in sales did the company experience?

Which partner company announced it would be closing auto plants in response to the financial situation?