PARIS — Renault is contemplating slicing again on the true property it occupies within the Paris area by 50 p.c by 2025, a transfer that might save not less than 60 million euros ($51.22 million).

The property shift, affecting each workplaces it rents and owns, would have an effect on white collar staff on the firm within the Ile-de-France, and never engineering websites, a Renault spokesperson stated.

The plans had been offered to unions this week, and are available as money-losing Renault tries to slash prices and enhance revenues below CEO Luca de Meo.

Renault is also trimming jobs in France, and has additionally been restructuring its factories.

The group’s Ile-de-France workplaces are unfold round a couple of dozen websites, and Renault goals to finally centre all its workplace staff round its historic headquarters in Boulogne-Billancourt and one other web site additional west.

Some 20 p.c of its workplace area within the area was already unoccupied earlier than the COVID-19 pandemic, when the corporate additionally introduced in measures permitting folks to partially make money working from home, the spokesperson stated.