logo
Plus   Neg
Share
Email

Renault Plans To Cut 400 Jobs In Slovenia Due To Covid-19

French carmaker Renault SA (RNSDY.PK) reportedly plans to cut about 400 out of some 3,200 jobs at its Slovenian unit Revoz following suspension of operations amid coronavirus pandemic and weak demand.

The unit produces the Clio, Twingo and electric Smart Forfour models. The company said it will remove half a night shift, which represents around 400 workers, from its roster after restarting production.

Renault noted that the business situation in Europe has fallen 77% in April due to the coronavirus crisis. Renault has decided not to implement the half night shift which was to start on May 11.

Renault is currently in talks with the French government for a credit facility between 4 billion euros and 5 billion euros.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Hongkong Sun Rise Trading Ltd. has recalled about 151,400 units of Kobalt Cordless Electric chainsaws and about 106,520 units of Kobalt Cordless Electric pole saws for possible laceration hazard, according to two separate statements issued by the U.S. Consumer Product Safety Commission. These include 1,400 chainsaws and 120 pole saws sold in Canada. Branded food company Hormel Foods Corp. (HRL) announced Friday that its Hormel Black Label Breakfast Food Truck will hit the road with free sample event of the popular brand's new Hormel Black Label Oven-Baked Egg Bites. The samples come in three variants - with Bacon, with Chorizo and with Bacon and... United Airlines has rolled out an interactive online "Map Search" feature for its customers in collaboration with search giant Google. The new feature is powered by Google Flight Search Enterprise Technology. United is claimed to be the first airline in the U.S. to add this feature. The new feature, available on United.com, allows customers to easily search, compare and purchase flight tickets.
Follow RTT