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BNP Paribas Needs ‘No Big’ Staff Reduction Plans, Prot Says

Aug. 2 (Bloomberg) -- BNP Paribas SA won’t seek any large staff cuts globally and might look to “some local” adjustments in its workforce, Chief Executive Officer Baudouin Prot said in an interview with Bloomberg Television in Paris.

“We might have to update and make some local adaptations but I don’t see the need for big staff reduction” at BNP Paribas, Prot said.

Link to Company News:{BNP FP <Equity> CN <GO>}

To contact the editor responsible for this story: Fabio Benedetti-Valentini at fabiobv@bloomberg.net

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