Societe Generale SA plans to eliminate about 1,500 jobs in Russia this year as the country’s economic contraction squeezes profitability, according to a person with direct knowledge of the discussions. Societe Generale cut about the same numbers of positions in Russia in 2014, said the person, who asked not to be identified because the matter … Continue reading
Societe Generale (SOGN.PA), France’s No. 2 listed bank by value, is considering outsourcing 400 back-office jobs at its corporate and investment bank, according to internal memos seen by Reuters. The plan, in which consulting company Accenture (ACN.N) would take on staff working mainly in custody and securities services, could be extended to other businesses, such … Continue reading