He wants consensus for difficult Renault cost cuts - he may still get it, but the French labour unions wont roll over easily

He wants consensus for difficult Renault cost cuts - he may still get it, but the French labour unions won't roll over easily

The four main labour unions representing workers at Renault are reportedly opposed to the company's latest cost cutting plans.

Reuters reported that the CFE-CGC, CFDT, CGT and Force Ouvriere trade unions rejected Renault's plans at a meeting today.

The report noted that loss-making Renault has outlined some EUR2bn on cost savings - including workforce reductions and reorganising manufacturing facilities. It is also planning a simplified group structure built around the brands.

If the main unions at Renault reject the cost savings plan, the task of restoring the company to profitability gets more difficult for recently appointed CEO Luca de Meo.

The Reuters report said the CFE-CGC union confirmed its opposition to the cuts in a statement, saying it was not convinced by the way Renault planned to go about its plans even if it understood the economic imperatives.

Renault plans to cut 15,000 jobs worldwide in the next three years.

See also: Renault to reorganise group around brands