Renault is preparing a raft of cost-saving measures amid automotive market “uncertainties” – and reports suggest this could result in thousands of job cuts.
In a statement to Autocar on Monday (6 October), Renault UK said it was “considering ways” of simplifying its business model while dropping costs.
“Given the uncertainties in the automotive market and the extremely competitive environment, we confirm that we are considering ways to simplify, speed up execution and optimise our fixed costs,” read the statement.
On Sunday, French newsletter L’Informe reported the so-called ‘Arrow’ cost-savings plan would result in some 3000 jobs cuts across human resources, finance and marketing teams. The number equates to roughly 15% of those services’ staff.
These will mostly be at the car maker’s headquarters in Paris, but other markets worldwide would also be impacted, according to the report. Renault employs some 100,000 staff worldwide.
Renault would not confirm if or how the UK would be affected, telling Autocar: “At this stage, we do not have any figures to report as no decisions have been made.” A source quoted in the report said a final decision will be made by the end of the year.
The cost-saving measures hook off a poor start to the year globally for the French car maker. Despite relatively high sales following the launch of the 4 and 5 EVs, the car maker recorded an €11.2 billion net loss for the first half of 2025. It blamed this on a fluctuating electric vehicle market and a weaker than expected van market.
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