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Société Générale to cut 1,800 French jobs by 2027 via promotions and attrition, not layoffs.
Société Générale plans to cut 1,800 jobs in France by 2027 through natural attrition and internal mobility, avoiding layoffs.
The restructuring targets headquarters, central functions, and regional retail banking operations, excluding the branch network.
The move, part of a broader cost-cutting effort under new CEO Slawomir Krupa, is being implemented via an employment agreement with unions.
The bank emphasizes skill development and internal transitions, with changes rolling out gradually through 2026 and 2027.
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Société Générale recortará 1.800 empleos franceses para el 2027 a través de promociones y desgaste, no despidos.