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BNP Paribas to cut 675 jobs through voluntary redundancy

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French bank BNP Paribas presented a voluntary redundancy plan to unions on Thursday that calls for eliminating 675 jobs at its corporate and institutional bank in France, a source familiar with the matter said.

[PARIS] French bank BNP Paribas presented a voluntary redundancy plan to unions on Thursday that calls for eliminating 675 jobs at its corporate and institutional bank in France, a source familiar with the matter said.

Sources had told Reuters that BNP Paribas management was to hold a meeting with union representatives at its CIB division on Thursday.

The source confirmed a report of job cuts by French newspaper Les Echos.

REUTERS

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