French carmaker Renault to cut 15,000 jobs worldwide

PARIS (AP) — French carmaker Renault has announced 15,000 job cuts worldwide as part of a plan to cut costs by 2 billion euros, or $2.2 billion, over three years. Renault employs 180,000 people overall. It said Friday that nearly 4,600 jobs would be cut in France in addition to more than 10,000 in the rest of the world. The group’s global production capacity will be reduced from 4 million vehicles to 3.3 million by 2024. Renault came into the virus crisis in particularly bad shape: Its alliance with Nissan and Mitsubishi is a major global auto player but has struggled since the 2018 arrest of its longtime star CEO Carlos Ghosn.