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 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
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