European Car Demand Near 20-Year Low; Peugeot Workers Shut Down French Plant; GM Loses Global Car Sales Lead to Toyota Once Again
January 17, 2013Spread the love
The New York Times reports Renault, Adjusting to Europe’s Declining Market, Will Cut 7,500 Jobs France’s ailing industrial sector took another blow on Tuesday when Renault said it planned to cut 7,500 domestic jobs by 2016, or about 17 percent of its French labor force, as it adjusts production capacity to the crushing downturn in the European car market. Of the 135,000 people Renault employs worldwide, more than 44,600 work in France. Ms.
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European Car Demand Near 20-Year Low; Peugeot Workers Shut Down French Plant; GM Loses Global Car Sales Lead to Toyota Once Again
