Home Tech No major conditions on Renault’s state-backed loan, chairman says By Reuters

No major conditions on Renault’s state-backed loan, chairman says By Reuters


© Reuters. Chairman of Renault SA Jean-Dominique Senard participates in a press conference at French carmaker Renault head office in Boulogne-Billancourt

PARIS (Reuters) – France has actually not connected any type of significant problems to a 5 billion euro ($ 5.6 billion) state-backed finance for Renault , the carmaker’s chairman stated on Tuesday, although the money priest gotten in touch with the firm to hold “excellent” talks with unions.

Renault (:-RRB- recently introduced strategies to reduce around 15,000 work worldwide, consisting of 4,600 in France where the firm will certainly look for volunteer separations as well as utilize retired life systems.

The news triggered weekend break objections at some manufacturing facilities, consisting of at Maubeuge in north France, although Renault Chairman Jean-Dominique Senard has actually vowed the website will certainly not be shut.

Financing priest Bruno Le Maire stated on Tuesday the federal government desired Renault’s north France websites to end up being “centres of quality”.

Senard additionally informed franceinfo radio that Renault intended to provide a brand-new critical strategy, consisting of the vision for its brand names, by the end of the year, after a brand-new Chief Executive Officer comes on board.

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