Renault’s Romanian unit Dacia in Romania may axe up to 4,000 jobs if sales don’t improve.
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A Renault spokeswoman told Reuters figures cited in French papers were correct but would apply only in a “catastrophic scenario”.
Separately, Renault denied a Le Figaro newspaper report it was about to raise around EUR3bn (US$4bn) from a convertible bonds issue.
Le Figaro, citing a “well-informed” source, had said the issue would likely be open for Renault shareholders only – Nissan, which owns a 15% stake, and France, which owns 16%.
