98,000 Renault Employees To Receive Free Shares In New Ownership Programme
The goal is to boost employee-owned equity to 10% by 2030
Renault Group has made employee ownership a key part of its strategy. Two years ago, the company introduced its first employee share ownership programme. After the rollout of the Renaulution Shareplan in both 2022 and 2023, Renault Group is continuing the initiative in 2024, aiming to empower nearly 98,000 employees to become shareholders under favorable conditions. The goal is to boost employee-owned equity to 10 per cent by 2030, while fostering greater engagement with the company's growth and goals.
“The 2024 Renaulution Shareplan is a major milestone for us. Our employee share ownership initiative is among the most progressive across industries. Renault Group’s dedication to this program over the past two years reflects its innovative spirit, while staying true to its history as a forward-thinking social pioneer. Our vision is to place 10% of the company’s equity in the hands of the very people driving our success every day”, says Luca de Meo, CEO, Renault Group.
The third edition of the Renaulution Shareplan, like the previous ones, will be open to Renault Group employees and subsidiaries across 30 countries, provided local regulations allow. This includes employees in countries such as Argentina, Belgium, Brazil, China, France, Germany, India, Mexico, Spain, the UK, and many more. All eligible employees will be granted seven free shares without the requirement to invest any of their own money.
In 24 of these countries, Renault Group employees have the opportunity to purchase additional shares at a 30 per cent discount, along with an extra matching contribution of seven shares for every three purchased. Employees can invest up to 25 per cent of their estimated 2024 gross annual salary.
