Overview
- The French newsletter l’Informe reported a cost-cutting program called Arrow with voluntary redundancies for roughly 3,000 employees in support roles such as HR, finance and marketing, or about 15% of those functions.
- Reports say the proposed reductions would affect teams at Renault’s Boulogne-Billancourt headquarters near Paris and other global sites.
- Renault confirmed only that it is evaluating ways to streamline operations and optimize fixed costs, stressing that no decisions or figures have been finalized.
- A source cited by l’Informe indicated a final decision on the proposal could come by the end of 2025.
- The review follows a first-half €11.2 billion loss including a €9.3 billion Nissan-related write-down and weaker underlying profit, with competitive and EV cost pressures prompting a push for efficiencies and a planned €3 billion investment to launch eight models outside Europe by 2027.