Cost-cutting Renault aims to shrink Paris region office space by half

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The logo of Renault carmaker is pictured at a dealership in Les Sorinieres, near Nantes, France, September 9, 2021. REUTERS/Stephane Mahe

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PARIS, Sept 29 (Reuters) - French carmaker Renault (RENA.PA) said on Wednesday it was considering cutting back on the real estate it occupies in the Paris region by 50% by 2025, a move that could save at least 60 million euros ($51.22 million), a spokesperson said.

The property shift, affecting both offices it rents and owns, would affect white collar workers at the company in the Ile-de-France, and not engineering sites, the spokesperson added.

The plans were presented to unions this week, and come as loss-making Renault tries to slash costs and jumpstart revenues under Chief Executive Luca de Meo.

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It is trimming jobs in France too, and has also been restructuring its factories.

The group's Ile-de-France offices are spread around about a dozen sites, and Renault aims to eventually centre all its office workers around its historical headquarters in Boulogne-Billancourt and another site further west.

Some 20% of its office space in the region was already unoccupied before the COVID-19 pandemic, when the company also brought in measures allowing people to partly work from home, the spokesperson said.

($1 = 1.1714 euros)

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Reporting by Gilles Guillaume, Writing by Sarah White; Editing by Kirsten Donovan

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