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Renault's 850 exit plan

Renault's 850 exit plan

Management at Renault’s factory in Tangier is preparing to select around 850 workers for a voluntary departure programme, offering financial incentives that vary according to seniority and employment status and may exceed their statutory entitlements. The targeted groups account for between 12 and 13% of the roughly 7,600 people employed directly at the factory. The move is part of a reorganisation of operations and efforts to cut production costs amid intensifying competition. Renault Morocco has issued no official statement confirming or denying the reports, although the issue was previously raised in a written parliamentary question last March.

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