Société Générale and Deutsche Bank announce redundancy plans

An article by Antoine Piel

Publication

6 February 2024 à 10h29

Reading time

2 minutes

Publication: 6 February 2024 à 10h29

Reading time: 2 minutes

An article by Antoine Piel

Publication

6 February 2024 à 10h29

Reading time

2 minutes

Publication: 6 February 2024 à 10h29

Reading time: 2 minutes

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European banks are tightening their belts. Firstly, French banking group Société Générale announced on 5 February the elimination of around 900 head office positions (approximately 5% of the workforce) without forced departures, at the end of a consultation scheduled for the second quarter of 2024. The announcement is part of the lender’s plan to achieve gross savings of €1.7 billion by 2026, compared with 2022, notably in the areas of IT systems, optimised purchasing processes and organisation

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Featured image of the article Antoine Piel

Antoine Piel Section Head at Mind HR

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