Renault: Removing 4,000 jobs in France

The direction of the automaker Renault has confirmed Tuesday removing 4000 positions in France, mainly in the form of voluntary departures, a union source.

Management expects 3000 voluntary departures in the course of the year 2009, which should be added the elimination of 1,000 positions in the French Sandouville.

Renault management had announced on July 24 an increase of 37 per cent of its profits in the first half, while warning will continue its rationalization plan, including the possible loss of about 5,000 to 6,000 jobs in Europe by 2010.

While net profit amounted to 1.46 billion euros in June, which is equivalent to C $ 2.19 billion, management believes that the sales target for 2008 is 3.3 billion vehicles, may not be met due to a difficult economic environment.