Société Générale to cut 640 jobs

By Jasper Cox
09 Nov 2020

Société Générale said on Monday that planned "adjustments and optimisations" should lead to a net reduction of around 640 posts in France, as it changes its structured products business and mulls altering securities services too.

It linked the reduction in staff numbers to "several organisational adjustment projects that would contribute to improving the group's operational efficiency and structural profitability". 

Among these are plans announced in August to reduce the risk profile of its credit and equity structured products business. This would contribute ...

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