Société Générale: adapts businesses to ensure growth

(CercleFinance.com) - Societe Generale announces a strategic adjustment project, which relates to its Global Banking and Investor Solutions businesses, while the second is operational and covers the head office structure for its International Retail Banking activities and Financial Services activities.


Following the consultation of employee representative bodies in France and Europe, starting from the beginning of the third quarter of 2019, the planned projects could be implemented and involve almost 1,600 job cuts worldwide, including about 750 in France. .

In France, these job cuts would be made in accordance with the new employment agreement signed with all employee representatives, through internal mobility and natural departure and, in some perimeters, through a voluntary departure plan.


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