Societe Generale (SCGLY) is planning to cut 1,800 jobs in France amid the bank’s cost-cutting efforts, The Financial Times’ Simon Foy and Sarah White report. The staff reduction will be carried out through natural attrition rather than through redundancies, according to the CGT union.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SCGLY:
- Societe Generale price target raised to EUR 75 from EUR 68 at Deutsche Bank
- Crypto Currents: Legislation stalls as bitcoin rally fuels record ETF inflows
- Societe Generale price target raised to EUR 77 from EUR 68 at JPMorgan
- Societe Generale downgraded to Reduce from Buy at Kepler Cheuvreux
- Societe Generale price target raised to EUR 81 from EUR 70 at Citi