French power group GDF Suez's (GSZ.FR) deputy-chief executive, Jean-Francois Cirelli, Thursday said that the group doesn't plan any job cuts once the merger with International Power PLC (IPR.LN) is finalized.

Speaking in an interview with French radio BFM, Cirelli said that the group's management offered union representatives guarantees that there wouldn't be any job cuts in France and in Europe, as the group agreed to merge assets globally, consolidating their position in the U.K. and the U.S. while strengthening their business in fast-growing emerging markets.

Under the terms of the transaction, GDF Suez will inject its assets outside of continental Europe into International Power in a tie-up that would create the world's largest independent power producer with more than 66.1 gigawatts of generating capacity.

GDF Suez "will always favor jobs," Cirelli said, as "our businesses are doing well and growing."

The group announced last week that it wasn't requesting any hike in French natural gas regulated tariffs from the government in October, as it already obtained a hefty increase in July. This was "only to match higher supplying costs," Cirelli said, adding that the company had managed to renegotiate contracts with its Norwegian and Algerian suppliers.
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