Veolia to shed 700 jobs, part of broader cost-cutting plan

|About: Veolia Environnement (VE)|By:, SA News Editor

Veolia Environnement's (VE) water unit says it will cut ~700 jobs in France next year, as part of a broader plan to reduce its workforce to reduce costs.

The world's largest waste and water utility by sales announced in March a plan to cut ~1,500 jobs by the end of next year in France, where it has been battling a difficult economic environment.