The Renault-Nissan alliance lives troubled days because of the new coronavirus. Manufacturers in France and Japan, respectively, are preparing restructuring plans that could impact the lives of tens of thousands of workers and the global automotive industry.
This Friday, it was learned that Renault is "fighting for its survival", while Nissan is considering a plan to lay off 20,000 people in Japan.
Let us start with the case of Renault, which has to close a loan of 5 billion euros with guarantee from the French State – and which has already been validated by the European Commission. For this capital injection to enter the manufacturer, it will be necessary to comply with several conditions, including the maintenance of jobs in France.
“Renault can disappear, the big industrial manufacturers can disappear. Renault is fighting for its survival ”, warned this Friday the French Minister of Economy, Bruno de Maire, in an interview with the newspaper Le Figaro and quoted by the newspaper El País.
The same minister details some of the conditions for the loan to be signed with Renault. "We ask manufacturers to make three commitments: the development of the electric vehicle, respect for suppliers and the location, in France, of some of the most technologically advanced activities". The warning comes a week before the presentation of a Renault cost reduction plan that could be worth two billion euros.
Japan's Nissan is considering a redundancy plan that could affect more than 20,000 workers worldwide, according to information released this Friday by the Japanese agency Kyodo, cited by the newspaper Five days.
The reduction in the workforce should be part of a cost reduction plan of 2.6 billion euros that the stretcher will present next Thursday, May 28. On this day, Nissan is expected to present the annual results for the 2019 fiscal year, which ended on March 31, and which should result in losses of 800 million euros.
In the next two years, Nissan may still have to reduce production capacity by 20%, under the reorganization of the plants of the Renault-Nissan alliance and to which Mitsubishi also belongs.