Renault SA (RNLSY,RNO.PA), the French automobile manufacturer, is reportedly preparing to cut around 3,000 jobs through a voluntary redundancy program targeting support function staff, according to French newsletter L'Informe, which cited people familiar with the matter."
The initiative is part of a broader cost-saving strategy named "Arrow," which aims to reduce headcount in departments such as human resources, finance, and marketing by approximately 15%.
These cuts are expected to affect employees at Renault's headquarters in Boulogne-Billancourt, a suburb of Paris, as well as other global locations. A final decision on the plan is anticipated by the end of the year, the report said.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.