Latest reports emerging, talk about the potential sale of the Williams F1 team. Now another team may be following suit. French Car manufacturing company, Renault recently announced that they will be cutting 15000 jobs worldwide.
This comes under a massive restructuring plan by Renault. The French car manufacturing company saw car sales plunge dramatically this year after the COVID-19 pandemic. This was after the company recorded its first losses in the last 10 years.
The restructuring involves cost-cutting of up to $ 2.1 million over the span of the next 3 years. However, the company said that they will announce voluntary redundancy packages and may also deploy some members in different jobs within the company.
The French state als…
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