Societe Generale to Axe Jobs in UK
February 13 2020 - 10:12AM
Dow Jones News
By Mauro Orru
Societe Generale SA is planning to cut jobs across its support
function in the U.K. in a bid to reduce costs, a spokeswoman for
the French bank said Thursday.
"Following a dedicated review to deliver more sustainable and
profitable growth, Societe Generale U.K.'s platform has proposed a
local cost reduction plan impacting U.K. headcount, mainly across
the support functions," the spokeswoman said, adding that a
consultation process has been launched for staff affected by the
plan.
Write to Mauro Orru at mauro.orru@wsj.com
(END) Dow Jones Newswires
February 13, 2020 09:57 ET (14:57 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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