BNP Paribas plans to eliminate 921 jobs in France out of the 5,142 within its subsidiary dedicated to consumer credit, BNP Paribas Personal Finance, according to a union source, figures not confirmed by the French bank.
However, the group mentioned a plan without forced departures, just hours after the publication of a record net profit in 2022. Of these 921 job cuts, a maximum of 690 will be able to benefit from a voluntary departure plan, AFP learned. from a union source. According to her, 714 casualties will occur in the so-called functional services (finance, information technology, marketing) and 202 in operational services (call centers, Cofinoga agencies, etc.).
“It is a job with a great future”
“These eliminations do not take into account the transfers of activities (and personnel) in the BNPP group, nor the natural rotation foreseen in the strategic plan (-320 positions from 2023 to 2025)”, specifies the same source. There will be no forced exit, the bank then clarified to AFP, which presented to its unions on Tuesday the guidelines of the voluntary exit plan provided within the entity dedicated to consumer credit in France, negatively affected by the return of inflation.
“We will find elements of development in the future”, he specified, mentioning in particular “10 billion (euros) in assets by 2025” in “the automotive transition”.
“But, until then, it is necessary (for this profession) to manage its adaptation, which is why there is a voluntary departure plan that is being negotiated with the social agents,” he continued.
record net profit
Now begins a four-month period of consultation with the workers’ representative bodies. “Strategic reflections” on “refocusing our activities and adapting our operating model” had already been presented to the social partners before Christmas, the bank said on 6 January.
The store consumer credit business had already suffered greatly from the lockdowns during the Covid-19 pandemic. And the postponement of the purchase of certain goods on the Internet does not necessarily benefit the historical players in this profession, competed by start-p such as Alma or Younited.
The repayment capacity of borrowers, whose budgets are increasingly tight due to rising prices, may also require banks to be cautious in this market. This announcement comes as the bank indicated a few hours earlier that it had recorded a record net profit of just over 10 billion euros in 2022, thus showing brilliant health.
Source: BFM TV
