Renault’s moderate Confédération française démocratique du travail (CFDT) union says the automaker’s healthy half-year results announced yesterday (30 July), should go “hand in hand” with the company’s social responsibilities.
The French carmaker posted a 25% increase in half-year Group operating profit to EUR729m (US$977m), although it is warning of a “sharp slowdown” in emerging markets.
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Registrations rose 4.7% to 1.36m units, thanks to a one point market share gain in Europe, although Group revenue fell 3% to EUR19.82bn
“The CFDT believes these tangible results should be translated into a recognition of workers’ efforts,” said a statement from the union. “The financial and economic performance must go hand in hand with a social performance in terms of jobs, working condition and salaries.
“The CFDT recognises social performance is neither separate nor incompatible with industrial performance.
“We think the system has reached its limit and the next phase should take into consideration these concerns.”
The automaker said with 1,365,988 vehicles sold worldwide at end-June 2014, Renault group PC+LCV registrations increased by 4.7% in a global market up 4.1% in the first-half of 2014.
