Renault says its meeting with all its major unions due to start imminently (6 November) in Paris, will be the first of several such discussions to address the automaker’s performance.
“This is the first meeting in order to start negotiations,” a Renault spokeswoman told just-auto from France. “I believe they will give a schedule for the next meetings to come and probably share the situation and start listing some things they are going to discuss.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
“The reason is to start discussing how to improve the performance of the company.”
Renault recently posted third quarter sales down 5.8% compared to 2011 at 596,064 units, while numbers in Europe, where the group has an 8.5% market share, were down 18.4%, slumping 23.3% in Italy, 11.7% in France and 18.9% in Spain.
Group revenues for the third quarter also fell 13.8% year-on-year to EUR8.4bn (US$10.8bn).
Despite asking its CFDT, CFE-CGC, CGT and FO labour bodies for the meeting in the French capital this afternoon, the automaker is stressing the talks are not to discuss any potential factory closures.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataFrance’s government has a 15% stake in Renault, but the manufacturer says the administration will not be involved in today’s talks.
