Renault Samsung Lowers This Year's Production Target by Over 50,000 Units

Dominic Signora, President of Renault Samsung Motors

[Asia Economy Reporter Choi Dae-yeol] Renault Samsung Motors has decided to lower its expected production volume this year from around 150,000 units to about 100,000 units.

According to industry sources on the 22nd, Dominic Signora, president of Renault Samsung Motors, stated during the 6th main negotiation with the labor union on the 18th that when asked about this year's production target, "This year's production volume will be about 100,000 units, less than the initially expected 157,000 units." He added, "However, if overtime work is extended, about 120,000 units may also be possible."

Renault Samsung had set this year's expected production volume at around 157,000 units last September, but it is known that the figure was revised downward considering the domestic market and European market conditions due to COVID-19. When asked about rumors that a single-shift operation would start from the 8th of next month, he replied, "There has been no official instruction given to the field, but various measures are being discussed in preparation for the decrease in volume," and added, "If an official instruction is issued, we will discuss and negotiate with the labor union."

Renault Samsung produced 114,630 units last year. This is the lowest level in 17 years since producing 80,906 units in 2003.

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