Agence France-Presse to cut 95 jobs

  • Money Digest
PARIS

Jan 23, 2019-

Agence France-Presse will cut 95 jobs over the next five years, 30 fewer than announced in October, without affecting targeted savings, CEO Fabrice Fries said on Monday. Presenting a revised version of his “transformation plan” to employee representatives, Fries said the company would still save 14 million euros ($15.9 million) on wage costs and five million euros on other expenses by 2023. To achieve this, management will convert 15 of the current 175 expatriate postings into local jobs and realise savings through replacing senior employees with younger ones. The AFP chapter of the journalists union SNJ rejected the new plan as “totally unacceptable”. (AFP)

Published: 23-01-2019 10:46

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