PARIS Feb 25 The regional banks that control
Credit Agricole SA plan to cut 1,400 jobs in 2013 as
staff leaving will not all be replaced, Les Echos newspaper said
Credit Agricole's parent network of regional lending banks
expects 4,125 staff to leave this year and will only recruit
2,707 people, Les Echos said, citing an internal document from
the bank's national federation (FNCA).
"If the retirement departures are higher in 2013, they may
not all be replaced as we are continuing to manage cautiously,"
the deputy head of the federation, Camille Beraud, was quoted as
A spokesman for the federation declined to comment.
The French lender last Wednesday posted its biggest
full-year loss since it went public 11 years ago, hit by
unexpected costs from exiting Greece, weaker revenue and hefty