Renault chairman dismisses fears over potential Maubeuge closure

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 8/28/2026

1. WDAY
2. ESTC
3. AFRM
4. MRVL
5. S
6. RBRK
7. GAP
8. DG
9. ULTA
10. ADSK

May 31, 2020 10:11 AM EDT

FILE PHOTO: Chairman of Renault SA Jean-Dominique Senard attends a news conference at French carmaker Renault headquarters in Boulogne-Billancourt, near Paris, France, October 11, 2019. REUTERS/Charles Platiau

PARIS (Reuters) - Renault has no plans to close its Maubeuge plant in northern France, Chairman Jean-Dominique Senard said on Sunday, two days after the carmaker announced 15,000 job cuts globally as part of a major restructuring.

The recovery plan, which would eliminate 4,600 jobs in France, aims to consolidate the Maubeuge site's vehicle production with that of the nearby Douai plant.

"I have no intention of closing the Maubeuge factory," Senard said on LCI television on Sunday after thousands of employees and family members demonstrated outside the plant the previous day.

Under the proposals unveiled on Friday, a parts reconditioning center in Choisy-le-Roi, south of Paris, is the only facility earmarked for outright closure.

The carmaker's Caudan parts foundry in Brittany, western France, could also be sold as part of the restructuring, Senard said on Sunday. The plant is one of six that Renault has placed under strategic review.

(Reporting by Gwenaelle Barzic; Writing by Laurence Frost; Editing by David Goodman)


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Reuters

Related Entities

Layoffs