Finance
BNP Weighing Up to 150 Job Cuts in Geneva to Slash Costs
- Roles to be axed may include back-office and IT positions
- CEO Bonnafe is seeking savings to help boost lender’s earnings
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BNP Paribas SA is considering eliminating as many as 150 jobs in Geneva in a bid to cut costs and streamline its operations, according to people familiar with the matter.
The French lender is consulting with staff representatives on the move and the process will last for weeks, said one of the people, who asked not to be identified discussing personnel. It is too early to say what roles might be effected but it may include back-office and IT positions.