Renault Samsung Chief Executive Dominique Signora made the comments as the company struggles with lower vehicle sales and high labor and manufacturing costs
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Renault|Samsung|Automobile
IANS | Seoul
Last Updated at February 16, 2021 09:17 IST
The chief of Renault Samsung Motors said on Tuesday that restructuring will be inevitable for the survival amid the prolonged coronavirus pandemic and lower demand for its models.
In a message to employees, Renault Samsung Chief Executive Dominique Signora made the comments as the company struggles with lower vehicle sales and high labor and manufacturing costs.
“There is an urgent need to cut costs (through restructuring) to ride out this crisis as the company’s overall vehicle sales…
Read the full article at: https://www.business-standard.com/article/automobile/restructuring-inevitable-for-renault-samsung-for-survival-ceo-signora-121021600180_1.html