The importance of state aid is enormous, as Le Maire illustrates in conversation with radio station Europe1. The statesman does not care what the consequences are if this does not happen: “Then Renault can disappear.” Extremely undesirable, of course. Huge employment is attached to the survival of the more than 120 year old manufacturer. Nevertheless, Le Maire says that even with state aid, extremely difficult times are ahead. According to various sources, several factories are scheduled to be closed, including the old factory in Flins and even the Alpine factory in Dieppe. Whether Renault’s sporty sub-brand Alpine survives the crisis is therefore highly questionable.
Uncertain times therefore, but what is certainly certain is that Renault has a substantial austerity package on the table. That should give breathing space. It would be a cost saving of no less than € 2 billion over the next two years. Presumably, the closure of factories and the dismissal of part of the workforce. It was also previously announced that alliance partner Nissan is about to cut many jobs worldwide. It looks particularly worrying in this respect for Europe.