Exclusive: SocGen mulls up to 700 job cuts ? union sources

By Editor - Fri Apr 05, 5:04 pm

By Lionel Laurent and Matthias Blamont PARIS (Reuters) ? French bank Societe Generale may cut between 600 and 700 jobs as part of a broader cost-cutting drive in the face of stagnant growth in its home market, three union sources told Reuters on Friday. SocGen management met with unions on Wednesday to discuss the proposals, which have not yet been finalized, the sources said. The cuts, which will largely target back office staff in IT and compliance roles, will be partly offset by up to 100 new jobs created elsewhere, they added. ?

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Exclusive: SocGen mulls up to 700 job cuts ? union sources

Source: http://www.thenewsworld.info/exclusive-socgen-mulls-up-to-700-job-cuts-union-sources-2.html

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