The French state is paving the way for a loan of EUR 5 billion in favor of the car maker Renault free. Minister of Economy and Finance Bruno Le Maire wanted to endorse the state guarantee for it, its ministry announced on Tuesday Paris With.
The manufacturer, which had run into financial difficulties, announced last week that it would cut around 15,000 jobs worldwide and cut billions of dollars in costs, a serious one crisis to escape.
Le Maire came with representatives from Renault, the unions and representatives of the people. It was about the future of the large plant Maubeuge in the north of the country. A future plan is now to be negotiated to secure production and employment beyond 2023. In Maubeuge near the border too Belgium a massive relocation of production is feared.
The case is politically delicate: President Emmanuel Macron had explicit commitments for the northern French factories a week ago Maubeuge and Douai required as a condition for the billion dollar loan. These two factories are said to be noisy Renault to a center for electric cars and light commercial vehicles will. The state is an important player with a share of 15 percent Renault.
According to earlier information from the Renault President Jean-Dominique Senard should in the course of Corporate restructuring a small plant in Paris by 2022 Metropolitan area getting closed. This plant in Choisy-le-Roi is now on strike, unions said.
No further closings were planned Senard insured. Renault wrote red numbers last year and is badly affected by the corona-related auto sales crisis. The manufacturer has in alone France 14 locations.
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