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Bank of France to cut up to 2,100 jobs in branches

  • The Bank of France is to shed up to 2,100 jobs in its branch offices by 2020 by not replacing staff who retire as part of restructuring plans.

    The central bank is made up of a national network of branch offices but has recently come under pressure from state auditors to cut costs.

    It employs about 13,000 people, out of which 6,300 work in its branches.

    The bank also aims to reduce the number of branches to 105 from 127 by 2020.