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    Home > Finance > Societe Generale to cut 1,800 jobs in France
    Finance
    Societe Generale to cut 1,800 jobs in France

    Published by Global Banking and Finance Review

    Posted on January 22, 2026

    1 min read

    Last updated: January 22, 2026

    Societe Generale to cut 1,800 jobs in France - Finance news and analysis from Global Banking & Finance Review
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    Tags:job creationfinancial sectorunemployment ratescorporate strategy

    Quick Summary

    Societe Generale will cut 1,800 jobs in its French retail banking sector by 2027, following reorganization plans announced by the CGT union.

    Table of Contents

    • Job Cuts Announcement by Societe Generale
    • Details of the Job Cuts
    • Union Response and Reorganization Plans

    Societe Generale to cut 1,800 jobs in France

    Job Cuts Announcement by Societe Generale

    Jan 22 (Reuters) - Societe Generale said on Thursday it would cut 1,800 positions in its French retail banking branch and potentially beyond.

    Details of the Job Cuts

    The announcement follows a press statement labour union CGT published on Wednesday, saying the French lender was planning reorganisation. 

    Union Response and Reorganization Plans

    The job cuts are expected to happen throughout 2026 and 2027, Societe Generale said.

    (Reporting by Jakob Van Calster in Gdansk, editing by Milla Nissi-Prussak)

    Key Takeaways

    • •Societe Generale plans to cut 1,800 jobs in France.
    • •The job cuts will occur in the retail banking sector.
    • •Reorganization plans were announced by the CGT union.
    • •The cuts are expected to happen by 2026-2027.
    • •Societe Generale is a major French lender.

    Frequently Asked Questions about Societe Generale to cut 1,800 jobs in France

    1What is a job cut?

    A job cut refers to the reduction of employees in a company, often due to restructuring, financial difficulties, or changes in business strategy.

    2What is corporate strategy?

    Corporate strategy is a company's overall plan for managing its business operations and resources to achieve long-term goals and maximize shareholder value.

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