AFP to cut 95 jobs, CEO says, scaling back initial 125 target

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 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