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AFP plans job cuts to strengthen finances: CEO 05 Oct 2018 - 17:39 Anonyme 2018-10-05T15:39:53+02:00 .text-formatted table tr td { vertical-align: middle; } .text-formatted table tr td { vertical-align: middle; } The cuts would affect some five percent of overall staff positions in the Paris-based world news agency. Chief executive Fabrice Fries announced the plan at a meeting of the agency's governing board. He said the measures would not include compulsory layoffs. Instead, 160 retiring staff will not be replaced, while the number of new employees over the period will be limited to 35. The cuts will be spread over the editorial, technical and administrative departments. The measures are part of what Fries called a "transformation plan" which aims to balance the agency's books by 2021. AFP management says that if it does not rein in costs, the agency's operating deficit will swell to 90 million euros ($104 million) over the next five years. It aims to cut costs by 16.5 million euros i
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The report uses definitive language to describe organizational plans regarding staffing and financial goals. The claim is attributed to the institution's CEO as the primary source of the information.
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