Societe Generale plans 1,800 job cuts by 2027
(Il Sole 24 Ore Radiocor) - Milano, 22 gen - The French bank Societe Generale said that it plans 1,800 job cuts by 2027 as it streamlines its business.
The bank said that it is accelerating "the simplification of its organization and the development of skills to strengthen its efficiency." "By leveraging natural attrition and an innovative social framework that invests in internal mobility and the development of employees' skills, the group would reduce the net number of positions by 1,800," it added.
"Following consultation with the employee representative bodies, the planned changes would be implemented gradually in 2026 and 2027 for the activities concerned and potentially.
beyond for Retail Banking in France," it added.
(RADIOCOR) 22-01-26 08:49:31 (0166) 5 NNNN