BNP Paribas delete 500 positions in France in a subsidiary and relocates

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

BNP Paribas delete 500 positions in France in a subsidiary and relocates

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.

" READ ALSO - BNP Paribas defies the very low rate of interest

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

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