BNP Paribas will cut around a hundred positions in Geneva, IT is concerned

BNP Paribas will cut around a hundred positions in Geneva, IT is concerned
BNP Paribas will cut around a hundred positions in Geneva, IT is concerned

BNP Paribas could reduce its workforce in Geneva to reduce its costs. Around a hundred positions would be threatened, particularly in support and IT.

BNP Paribas plans to cut jobs in Geneva as part of a strategy to cut costs and streamline its operations, Bloomberg reported, which cited up to 150 positions at risk. Support functions and IT would be particularly affected. A spokesperson for the French bank confirmed the plans to the AWP press agency, reports the Tribune de Genève among others, specifying however that it would rather be a question of around a hundred jobs.

A consultation with staff representatives is underway. Details of the functions affected have not yet been disclosed. According to Bloomberg, certain employees could be offered reclassification within the company. The banking group, which employs more than 1,000 people between Geneva, Zurich and Lugano, still intends to implement its 2025 strategic plan, continuing its growth on the Swiss market.

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