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Renault announces restructuring following Nissan, Mitsubishi

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In what has turned out to be a terrible week for global car makers, Renault announced a major cost cutting programme on Friday. The French auto business is part of the same group as Nissan and Mitsubishi and wants to cut 15000 jobs worldwide in a 12 billion dollar savings plan. On Thursday Nissan announced a similar restructuring. The combined group lost money in 2019 and sales have been further hit by the coronavirus crisis. Simon McGregor-Wood has more.
#nissan #renault #mitsubishi

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