French Renault is expected to lay off 5.000 employees to save two billion euros.
According to the news of the French newspaper Le Figaro, many firms will follow the policy of "not recruiting new workers instead of those who want to retire" instead of applying paid leave.
Renault, where the French state has 15 percent, has 48 employees in France. President Emmanuel Macron called on French automakers to produce mainly in France.
In addition, Renault expects the government to announce a five-billion-euro loan. This loan depends on how the negotiations between management and unions related to personnel and factories in France will develop.
Hibya News Agency