Societe Generale to Cut About 1,600 Jobs -Les Echos
April 09 2019 - 12:59AM
Dow Jones News
--Societe Generale is set to cut around 1,600 jobs as part of a
restructuring plan aimed at boosting profitability, France's Les
Echos reports, citing unnamed union sources.
--Around 1,200 of the cuts will come from the bank's corporate
and investment banking arm, BFI, while around 750 positions in
France will be eliminated, Les Echos says.
Full story in French: bit.ly/2OXKbJo
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(END) Dow Jones Newswires
April 09, 2019 01:44 ET (05:44 GMT)
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