France’s Compagnie de Machines Bull is planning to cut between 5% and 10% of its staff this year, representing between 1,000 and 2,000 job losses, according to an interview with CEO Guy de Panafieu in the French daily Le Figaro. A spokesperson for the company was unable to confirm the report yesterday but said the board was in an all-day meeting. The company posted a first-half net loss of $59m on revenues of $1.9m in 1998, after reporting a net profit of $98m on revenues of $4bn for all of 1997. The company’s stock closed down 2.45% on the Paris bourse yesterday, at 5.96 euros ($7.04).
