Cr�dit Agricole could cut 1,400 jobs: report
Citing an internal document, the business daily said that Credit Agricole's regional branches expected only half of departing employees would be replaced in 2013, leading to a staff cut of 1,418 posts.
The bank declined to comment when contacted by AFP.
A union representative confirmed the figures to AFP, but said they were based on projections made in November and were likely to change.
Last week Credit Agricole posted a record 6.5 billion euro ($8.6 billion) loss for 2012, and said it would be launching a three-year strategic plan aimed at saving 650 million euros.
The bank, which shed 2,300 jobs last year, did not say how many jobs would go under the new cost-savings initiative.
The head of human resources for Credit Agricole's regional branches, Camille Beraud, told Les Echos that was as yet no job cuts strategy for the entire bank group.
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