Lafarge to cut a further 97 jobs in France

Lafarge expects to cut a further 97 jobs in its domestic market of France as part of a plant to merge its three French divisions into one, to be headquartered in the Paris region.

Lafarge, which employs a total of 68,000 people including 5300 in France, said in February it would cut 460 jobs worldwide, including 90 in France as part of a its corporate restructuring announced in November 2011.

Earlier this month the group unveiled plans to cut costs by EUR1.3bn and increase profits over the next four years as it seeks to reduce debt and regain an investment-grade rating. (Source: Reuters)