Layoffs Watch '13: Société Générale May Or May Not Cut Jobs
Nothing has been finalized, though according to a spokesperson for the bank, anyone who'd like to take a little initiative and just would be helping the bank out big time.
French bank Societe Generale may cut between 600 and 700 jobs as part of a broader cost-cutting drive in the face of stagnant growth in its home market, three union sources told Reuters on Friday. SocGen management met with unions on Wednesday to discuss the proposals, which have not yet been finalized, the sources said...A SocGen spokeswoman said the bank would seek to avoid forced layoffs and that it was "premature" to discuss reorganization plans when they had not been finalized. She added that SocGen would favor internal redeployment and voluntary departures where there was the need to cut staff.
[Reuters]