Overview
- Renault said it will cut its global engineering headcount by 15% to 20% over the next two years.
- The reduction equals roughly 1,650 to 2,400 roles out of about 11,000 to 12,000 engineers worldwide.
- Decisions will be made by country managers, with the company pledging no forced layoffs.
- The company frames the cuts as part of a March overhaul led by CEO Francois Provost to speed development and lower costs to compete with Chinese brands.
- Work with Renault’s Shanghai team cut the new electric Twingo’s development to 21 months, and the company is targeting 36 new models within five years.