French carmaker Renault could unveil job cuts and plants closures on Thursday as the company looks to save 2 billion euros in costs, a representative for far-left union CGT said on Monday.
Renault has called for a meeting with unions on Thursday regarding its cost-saving plans, the representative said."This is when the general management will formalize what it calls a 2 billion cost-cutting plan, in which further staff reductions and even site closures can be expected," CGT representative Fabien Gache said in a video posted online.
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