in order To maintain their profits in a world of low interest rates and increasingly competitive, the major banks announced one after the other drastic cuts in their workforce. According to the information of the newspaper The World , BNP Paribas account and remove in three years from 446 to 546 jobs in France in its subsidiary BNP Paribas Securities Services (BP2S), which takes care of conservation of securities.
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This craft, which involves the recording of transactions in financial assets and holding securities accounts of customers, occupied in the Hexagon 2531 employees at the end of 2018. Thus, 20% of the manpower that should go away. "BNP Paribas Securities Services has launched a program with the objective of enabling the continuation of a sustainable and profitable growth, optimizing its business model and streamlining its organization", said for its part the bank, while indicating that there would be no departure ...Updated Date: 25 August 2019, 00:00