Renault cuts 300 jobs at van factory as European market slows
Renault Group will cut 300 jobs at a van factory in northern France, the carmaker said on Tuesday, responding to slowing European demand for commercial vehicles in the face of growing economic uncertainty. The French company, which is the European van market leader under its Renault brand, makes about 14% of its sales from the vehicles used by delivery companies and tradesmen. A Renault spokeswoman said that 300 of the interim staff will not have their contracts renewed when they expire.
