Société Générale

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Société Générale to cut 1,000 jobs

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French banking giant Société Générale revealed on Tuesday it would cut at least 1,000 jobs worldwide, in an effort to find almost €1 billion in savings by 2015. The announcement comes as the bank’s first-quarter profit fell by half. French bank Société Générale reported on Tuesday that first-quarter net profit fell by half to €364 million … Continue reading →

France / Société Générale could outsource 400 jobs

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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 →

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