BNP Paribas (BNP) SA’s Cofinoga credit unit plans to cut 433 jobs, according to the CFDT labor union.
Most of the staff reductions will be at a site in Merignac, France, the CFDT said today in an e-mailed statement.
Cofinoga, jointly owned by Paris-based BNP Paribas and Galeries Lafayette SA, aims for cost savings of 100 million euros ($129 million), partly through job reductions, the company said in a statement last week.
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