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France Outflanks, Outrages Renault’s Ghosn
Keywords:
Renault-Nissan alliance, CEO Ghosn, France's Economy minister Macron, and the Florange law to protect jobs in France
04/28/2015
France's Economy minister acts to increase the state's voting rights in Renault to 20% by buying Renault shares to give the French government a greater voice in Renault's operations. The move is intended to protect jobs in France. New manufacturing improvements make it possible to make Nissan or Renault vehicles with common parts, and make the same vehicle at any Renault or Nissan plant in the world. This has created fears in France that Renault might move more manufacturing out of France because of its higher wages. The closure of a Arcelor Mittal plant in Florange, France, led to efforts by the French government to improve its future negotiating position to protect jobs.
Grouped Articles
France Outflanks, Outrages Renault’s Ghosn
Wall Street Journal 04/28/2015
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Wall Street Journal 05/08/2015
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In French Labor Overhaul, Union Leader Offers a Way to a Compromise
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