Carmaker Renault is set to slash 14,600 jobs as part of a massive 2bn cost-cutting plan that has fortunately spared the group's Formula 1 operations. Amid an economic crisis sparked by the global coronavirus pandemic, automotive manufacturers have been severely impacted by the downturn. Renault, which was already experiencing a fall in demand before the COVID-19 crisis, will slash jobs across all its operations, cut production numbers and repurpose plants as it undergoes one of the deepest restructuring programs in its history. Williams considers sale - terminates ROKiT sponsorship! The company, which is in the process of receiving a 5bln loan guarantee from the French government, will...
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