“We are aiming to reduce staff costs, but based on natural departures, not through staff cuts,” Popa told MEDIAFAX.
Bloomberg reported earlier Monday, quoting Frederic Oudea, CEO of BRD parent Societe Generale, that the group would operate staff cuts in Romania, Russia, the Czech Republic and Egypt, within a group-level consolidation process.
Other companies held by French group Societe Generale in Romania include BRD Sogelease, BRD Finance, BRD Pensii, BRD Corporate Finance, ALD Automotive, BRD Asset Management and BRD Asigurari de Viata. In addition, Societe Generale holds a 15% stake in ECS, an IT equipment funding company.
BRD-Groupe Societe Generale reported a net profit of 282 million lei (EUR65.9 million) in the first half of this year, down 23.3% from RON366.9 million in the same interval of 2010. (EUR1=RON4.2809)