French carmaker Renault could close plants and cut jobs says union

Renault has called for a meeting with unions on Thursday regarding its  plans to save 2 billion euros in costs.

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French carmaker Renault  could unveil job cuts and plants closures on Thursday as the company looks to save 2 billion euros ($2.2 billion) in costs, a representative for far-left union CGT said on Monday, reports Yahoo! News.