Brilliance Renault will start layoffs! The goal is to cut 35percent to 40percent of the workforce

category:Finance
 Brilliance Renault will start layoffs! The goal is to cut 35percent to 40percent of the workforce


In July this year, an online exposure of brilliance Renaults voluntary resignation compensation shows that the resigned employees will enjoy n + 1 subsidies. If the working years in the company are less than the number of months away from retirement, n is equal to the working years; if the working years in the company are greater than the months before retirement, n is equal to the number of months away from retirement. In addition, the optimized employees get the employment subsidy of two months wages, so the overall scheme is equivalent to n + 3. Employees of brilliance Renault have confirmed to reporters the authenticity of the document, but it is not clear what kind of way and plan the new round of layoffs will take.

According to qixinbao, the number of social security personnel of brilliance Renault in 2017 and 2018 was 3766, and that in 2019 was 3043. A brilliance Renault management said the companys goal is to reduce the total number of employees to about 1500.

On December 15, 2017, Renault Group acquired 49% of the equity of Brilliance Jinbei Automobile Co., Ltd. and jointly established brilliance Renault with Brilliance China Automotive Holdings Co., Ltd., with the shareholding ratios of 49% and 51% respectively. Brilliance Renault plans to produce and sell light commercial vehicles with three brands of Jinbei, Renault and Huasong, with an annual sales of 150000 vehicles by 2022, and accelerate the development of electric vehicle powertrain. But in fact, brilliance Renaults product introduction has been slow since its establishment, and only recently has it launched a modified model. The first model of Renault brand is planned to be launched in 2022. According to the data disclosed by Brilliance China Automobile Holding Co., Ltd. (Brilliance China, 01114. HK), the sales volume of brilliance Renault in 2018 was 43000, with a year-on-year decrease of nearly 30%; in 2019, the sales volume was 40200, with a year-on-year decrease of 6.5%; in the first half of this year, the sales volume was 11733, a year-on-year decrease of 42%. Source: Chen Hequn, editor in charge of Finance and Economics_ NB12679

On December 15, 2017, Renault Group acquired 49% of the equity of Brilliance Jinbei Automobile Co., Ltd. and jointly established brilliance Renault with Brilliance China Automotive Holdings Co., Ltd., with the shareholding ratios of 49% and 51% respectively. Brilliance Renault plans to produce and sell light commercial vehicles with three brands of Jinbei, Renault and Huasong, with an annual sales of 150000 vehicles by 2022, and accelerate the development of electric vehicle powertrain.

But in fact, brilliance Renaults product introduction has been slow since its establishment, and only recently has it launched a modified model. The first model of Renault brand is planned to be launched in 2022.

According to the data disclosed by Brilliance China Automobile Holding Co., Ltd. (Brilliance China, 01114. HK), the sales volume of brilliance Renault in 2018 was 43000, with a year-on-year decrease of nearly 30%; in 2019, the sales volume was 40200, with a year-on-year decrease of 6.5%; in the first half of this year, the sales volume was 11733, a year-on-year decrease of 42%.