Credit Agricole to cut 2,300 jobs worldwide

Credit Agricole SA, Frances third- largest lender, plans to cut at least 2,300 jobs worldwide, mostly abroad and at its corporate- and investment-banking unit, a union official said, Bloomberg reported."Credit Agricole is announcing piece by piece at least 2,300 job reductions," Regis Dos Santos, national chairman of the Syndicat National de la Banque union, said by telephone. The firm is trimming about 1,700 jobs at its corporate- and investment-banking unit, including 500 in France, and 600 posts at the consumer-finance business, he said.
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