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Credit Agricole SA To Cut Costs by Up to EUR 200 Million by 2015-Reuters

Sunday, 20 Jan 2013 07:00pm EST 

Reuters reported that Credit Agricole SA is working on a cost-cutting plan of EUR 150 million to EUR 200 million through 2015 at its corporate and investment banking unit. A job-cut programme will not be included in the plan but the Company will seek to get rid of certain functions, continue outsourcing efforts, and encourage some workers to take early retirement.