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Faced with a downturn in demand compounded by the coronavirus crisis, Renault is aiming to find 2 billion euros ($2.22 billion) in savings over the next three years as it shrinks production and hones in on more profitable models.
It said the restructuring measures – including the job cuts, transfers and retirement plans that would affect just under 10% of its global workforce – would cost 1.2 billion euros.
