SIX to take axe to French unit

SIX Financial Information France SA has announced an integration plan to fully align the unit with the global functional structures of SIX by the end of this year, as well as other strategic measures. It says this will allow it to strengthen the French organisation and to increase its competitiveness. If the integration plan is approved by the French labour authorities, it will lead to a reduction in the number of staff in France accompanied by a social plan.