Renault Samsung may slash jobs; others consider restructuring

  • Carmakers here are mulling job cuts and restructuring as they enter the fog of uncertainties over a sharp drop in sales, continued confrontations with labor and the delayed launches of some new vehicles.
  • It is the first restructuring plan proposed by the Korean unit of the French carmaker in seven years.
  • In a desperate effort to sustain its production volume in Busan, the company has been asking its head office in Paris to allocate production volume for the XM3 compact SUV.

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