French lender Societe Generale is set to cut 7.5% of its global headcount as part of a cost cutting move designed to shore up profits at the bank.
The majority of the cuts, 750 staff, come from the bank's operations in France,Employees in London and New York are also set to depart as part of the bank's plans to cut €500 million in costs which it announced in FebruaryThe French lender Societe Generale is set to cut 7.5% of its global headcount as part of a cost-cutting move designed to shore up profits at the bank.
Some 1,600 jobs are set to go globally with the bulk of the cuts coming in the bank's French operations, where 750 employees are set to depart on a voluntary basis,
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