Boulogne-Billancourt (AFP) – French carmaker Renault said on Thursday it would recruit 1,000 people on permanent contracts in France this year, amid strong growth in earnings and improvement in its operating margin in 2014 .
€ 1.89 billion net profit group share, Renault exceed its 2012 level, which was 1.75 billion. The trough of € 586 million recorded in 2013 had been particularly due to the freezing of the company’s operations in Iran.
The turnover to 41.05 billion euros, increased only 0.3% compared to 2013 as a result of unfavorable exchange rates, but the company has improved its profitability since the operating margin increased from 3 to 3.9%.
The Paris Bourse enthusiastically welcomed the results above expectations, Renault as the surging almost 10% in the early afternoon.
Noting a “promising level of activity,” the group said in Losange it would proceed to the “recruitment 1000 CDI (permanent contracts, ie) in France in 2015,” and sign as many apprenticeships.
The CGT, however, that these hires will compenseraienet no job cuts implemented since 2013 through an agreement of competitiveness that the union did not sign.
current up to 2016, Renault plan commits to keep its factories in France, in exchange employees concessions on working hours and wages. The band was not replaced 8,200 departures during this period. The CGT said that 3860 had already taken place.
Renault promised 760 new hires in the second half of this plan. Hiring announced Thursday higher than what was expected, should benefit agency, called the CGT.
“These appointments are good news for Renault in France. They show that our efforts are paying competitive fruits, “assured CEO Carlos Ghosn on Thursday at a press conference in the fief of the company in Boulogne-Billancourt (Hauts-de-Seine).
” Congratulations to employees and partners ! The agreement competitiveness social bearing fruit “, has in turn responded the Economy Minister Emmanuel Macron on Twitter
-. Making the round back in Russia –
signatory to the agreement, the CFDT demanded qu’intérimaires and subcontractors are “priority” in hiring. The union also asked management to raise wages now “up to the efforts of employees for two years,” while wage negotiations for 2015 to begin Friday. The CGT has called on his side to walkouts Friday for the increases.
Renault announced in mid-January sales up 3.2% in 2014 in the world, 2.7 million units, the renewed growth of the European market allowing it to compensate for setbacks in emerging countries, particularly in South America and Russia.
Mr. Ghosn has also warned against the situation in this country where the economy is suffering the consequences of the conflict in Ukraine. He raised the possibility that the car market “fall heavily” 20 to 30% this year. Renault “reduced short-term wing” but “Russia must continue to be a pillar of the group,” said the CEO.
Renault benefits in the balance sheet of its share of its partner Nissan, with a positive contribution of 1.36 billion euros, in contrast to the Russian company Avtovaz that weighs up to 182 million.
Renault had indicated there was a year that was 2017 figure sales of 50 billion euros and an operating margin of 5%.
2015, envisaging growth of the global car market by 2%, the company aims to further increase in registrations and sales “at constant exchange rates”, a further improvement in its operating margin and free cash flow (“free cash flow”) positive operating for its automobile business.
Finally Renault has indicated that it intends to pay a dividend of 1.90 euro per share, against 1.72 last year.
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