BNP Paribas Lease Group (BPLG) might cut as
many as 380 jobs following the Fortis Lease acquisition, according
to French newspaper L’Echo.
The job cuts would affect both France and the
rest of Europe, L’Echo reported, citing a “good
source”.
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The leasing arm of French bank BNP Paribas
acquired Fortis Lease last year as part of a wider BNP-Fortis-ABN
AMRO deal.
The lessor is now in the middle of a massive
restructuring, which is expected to affect business in all of the
20 countries where it currently operates.
A BPLG spokesperson could not comment on the
number of jobs being shed following the restructuring, saying that
the matter is “still being discussed”.
Last week, BPLG’s CEO Philippe Bismut told
Leasing Life that although a number of jobs could be
shed, new jobs will also be created with the development of
“strategic niches” for the lessor.
A full update on the state of the
integration will appear in the March issue of Leasing
Life.
Antonio Fabrizio
