Mexican Media Brands
Renault Nears French Labor Pact
Renault SA and its French unions could reach an agreement within days, the country's Industry Minister Arnaud Montebourg tells national radio network Europe 1.
#labor #workforcedevelopment
Share
Renault SA and its French unions could reach an agreement within days, the country's Industry Minister Arnaud Montebourg tells national radio network Europe 1.
Renault presented a proposal to its unions on Feb. 20 that calls for a one-year wage freeze, a 7% increase in the workweek to 35 hours and the elimination of at least 7,000 jobs through attrition by 2016. In exchange, the company is offering to boost its domestic output by 180,000 vehicles.
Montebourg says both parties have made concessions.
Separately, the minister says without elaborating that France's other big automaker, PSA Peugeot Citroen, needs a long-term alliance with another carmaker to ensure its survival. PSA and General Motors Co. formed a purchasing and product development tie-up in February 2012.
Montebourg also insists France won't return to a big scrappage scheme to revive auto sales. But he supports the idea of offering incentives to consumers who trade in older diesel cars for lower-emission models.
RELATED CONTENT
-
Grand Jury Indicts Former FCA Executive In Union Payoff Scheme
A former labor relations executive at Fiat Chrysler Automobiles NV has been charged with making more than $2.2 million in illegal payments to himself and a United Auto Workers union official in Detroit.
-
Denmark, 10 Other EU Members Urge Piston Ban
Denmark and 10 other member nations of the European Union have urged the region to allow them to end gasoline and diesel engine sales by 2030.
-
UAW to Continue GM Strike Pending Contract Ratification
The United Auto Workers union will continue its walkout at General Motors Co. pending ratification of a new four-year labor agreement by union members next week.