Renault Announces Reduction in Number of Jobs

02/21/96

The Associated Press announced that France's state-owned automaker, Renault, will reduce the number of full time employees they hire by 1,640 this year. The cuts will be carried out through part-time job conversions and state-funded early retirement programs. 1,184 workers will be reassigned to new jobs. Early retirement aims at reducing the age of the automaker's workforce, which averages 47 in some Renault plants.

Paul Dever -- The Auto Channel