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US national debt exceeds $40 trillion for first time
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UK summons Israeli envoy over West Bank settlement project
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Trump vows 'tremendous' economic costs on Iran partners
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Israel army admits firing on car in death of five-year-old Hind Rajab
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Many US Fed policymakers back interest rate hikes if inflation stays high
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Robinson and Tongue star as Pakistan collapse in England opener
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Robinson and Tongue star as Pakistan all out for 171 in England opener
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Trump says will meet North Korea's Kim later this year
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Robinson makes history as Pakistan collapse against England
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France recalls rare disease drug Tavneos after deaths
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Ukraine MPs approve new defence minister after divisive reshuffle
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UK media skewered for 'hounding' black academic
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More than 7,300 excess deaths in France's historically hot summer so far
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Russia, Ukraine exchange 103 captured soldiers each
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US socialists score shock Florida win as Trump picks stumble
Renault to cut up to 20% of engineers
French carmaker Renault said Tuesday that it plans to reduce its number of engineers by 15 to 20 percent in the coming two years as it seeks to remain competitive.
A company spokesman said the reductions, out of a total of some 12,000 engineering posts worldwide, would be made without forced layoffs.
The carmaker, which has made a push into battery electric vehicles, has sought to reduce costs by speeding up development.
Renault developed its recently launched electric Twingo subcompact in two years, half the normal time, by working with its Chinese partners.
The company said last month it aims to lower the costs of its electric cars by 10 to 30 percent, with much of this by reducing development costs.
The spokesman said development of new technologies and fundamental design work would remain in France.
Engineering centres in other countries such as Brazil, India, Morocco, Romania, South Korea, Spain, and Turkey will also be reducing the number of engineering posts.
T.Perez--AT