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Renault suspends executives after investigation
By Ed Payne, CNN
January 7, 2011 -- Updated 1159 GMT (1959 HKT)
A French government official said the Renault investigation involves "industrial espionage."
STORY HIGHLIGHTS
RELATED TOPICS
(CNN) -- Renault has suspended three executives suspected of "misconduct" following an investigation, an official with the French automaker said.
"Renault decided to take action because these are serious acts concerning people with extremely strategic positions at the Group," Christian Husson, general counsel and compliance officer of Renault, said in a statement Thursday.
"Their acts justify this suspension, the first aim of which is to immediately protect the strategic, intellectual and technological assets of our company."
A French government official said the case involves "industrial espionage."
The company said it is examining all legal options, but said they will "inevitably result in legal action."
The executives were not named by the company, which cited labor law, and Renault did not say when they were suspended.
"The investigation, which lasted several months, enabled us to identify a body of converging evidence demonstrating that three Group employees have committed misconduct that infringes Renault's ethics, consciously and deliberately endangering the company's assets," Husson said.
French industry minister Eric Besson told radio network RTL Thursday that he had spoken to senior management at Renault.
"The only thing I can tell you is that the matter seems serious. It illustrates once again the risks our businesses face in terms of industrial espionage and in terms of economic intelligence, as we say today," Besson said.
By Ed Payne, CNN
January 7, 2011 -- Updated 1159 GMT (1959 HKT)
A French government official said the Renault investigation involves "industrial espionage."
STORY HIGHLIGHTS
- French government official says the case involves "industrial espionage"
- An investigation into "misconduct" lasted several months, Renault says
- The suspended executives were not named by the company
RELATED TOPICS
(CNN) -- Renault has suspended three executives suspected of "misconduct" following an investigation, an official with the French automaker said.
"Renault decided to take action because these are serious acts concerning people with extremely strategic positions at the Group," Christian Husson, general counsel and compliance officer of Renault, said in a statement Thursday.
"Their acts justify this suspension, the first aim of which is to immediately protect the strategic, intellectual and technological assets of our company."
A French government official said the case involves "industrial espionage."
The company said it is examining all legal options, but said they will "inevitably result in legal action."
The executives were not named by the company, which cited labor law, and Renault did not say when they were suspended.
"The investigation, which lasted several months, enabled us to identify a body of converging evidence demonstrating that three Group employees have committed misconduct that infringes Renault's ethics, consciously and deliberately endangering the company's assets," Husson said.
French industry minister Eric Besson told radio network RTL Thursday that he had spoken to senior management at Renault.
"The only thing I can tell you is that the matter seems serious. It illustrates once again the risks our businesses face in terms of industrial espionage and in terms of economic intelligence, as we say today," Besson said.
