SFR to make fewer job cuts than expected-report
* SFR to cut less than 1,000 jobs - Figaro
* SFR declined to comment
PARIS Nov 24 (Reuters) - French mobile operator SFR is planning to announce lower-than-expected job cuts on Wednesday, French daily Le Figaro reported on Saturday, citing an unidentified source close to the matter.
The French daily said that instead of the 2,000-job cuts expected by unions in the summer the number would be "less than 1,000."
A person close to SFR said the newspaper's estimate was realistic but declined to provide more details about the news to be made public at a workers' council meeting on Wednesday.
SFR is seeking to make 500 million euros ($647.93 million)in cost cuts in 2013 on top of the 450 million euros already targeted for 2012 as it grapples with low-cost competition, union sources told Reuters in July.
SFR, which is controlled by French media group Vivendi , declined to comment on Saturday. ($1 = 0.7717 euros) (Reporting by Astrid Wendlandt, editing by William Hardy)
- Israel rejects ceasefire plan, source says, as death toll nears 850 |
- Obama tells Central American leaders most children will go home
- First Ebola victim in Sierra Leone capital on the run
- Bad weather seen as probable cause of Air Algerie crash
- EU edges to economic sanctions on Russia but narrows scope |