Le Maire: Renault loan not signed yet, site closures must be last resort
PARIS (Europe) – Bruno Le Maire, France’s Finance Minister, announced that the government had yet to sign off on a 5 billion euro planned loan for Renault.
He said that Renault’s site closures and job cuts could only ever be a last resort.
This week, French President Emmanuel Macron announced that France’s government, having a 15% stake in Renault, would not sign off on the state loan until management and unions had concluded talks over its French workforce and sites.
(Photo syndicated via Reuters)
This story has been edited by BH staff and is published from a syndicated field.