UPDATE 1-BNP Paribas to cut 675 jobs in France via voluntary redundancy-source

April 14, 2016 11:52 AM

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PARIS, April 14 BNP Paribas presented a voluntary redundancy plan to unions on Thursday that calls for 675 job cuts at its corporate and institutional bank in France, a source familiar with the matter said.

BNP Paribas said in February it planned to save more than 1 billion euros by 2019 to help to mitigate the impact of rising regulatory and compliance costs.

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