The lender will introduce a voluntary departure plan, and will complete negotiation with the concerned unions in September 2013, reported the Journal de Dimanche.
Initially started in June 2013, negotiations with the banking unions and an internal meeting to discuss the strategies are slated to take place on 2 September, the paper said.
If the planned proposal is finalized, the bank may introduce a new strategy in November.
A union source was quoting by the news paper as saying, "Several departments will be reorganised at Natixis."
"There will be a lay-off plan before the end of the year," the source added.
Natixis, which announced in February that it will divest 20% shareholding in BPCE, a network of cooperative lenders to abridge its finances, will seek to encourage some staff to take early retirement or jobs outside the company.
Several global lenders across the globe are eliminating jobs and selling their non-core businesses to deal with sluggish business growth and counter the declining profitability of the business.
New regulations and tougher capital rules have also forced them to shrink their operations globally and to concentrate on the home turf.
