Wednesday, December 14, 2011

France - Credit Agricole 'to cut more jobs' reportedly 2,350 jobs & pulling out of 20 of 50 countries where they operate

Published on Dec 14, 2011 by
http://www.euronews.net/ Credit Agricole is reportedly to cut 2,350 jobs. A union source said most of the layoffs will be at its investment banking division.

The French bank is slashing costs and pushing ahead with a back-to-basics strategy which has been sped up by the eurozone debt crisis.

Banking sources have said Credit Agricole may pull out of up to 20 of the 50 countries where it operates.

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