Type
Business expansion
Country
France
Region
Location of affected unit(s)
Sector
Financial Services
Activities Auxiliary To Financial Services And Insurance Activities
Activities Auxiliary To Financial Services And Insurance Activities
66 - Activities auxiliary to financial services and insurance activities

5,500 jobs
Number of planned job creations
Job creation
Announcement Date
27 August 2008
Employment effect (start)
1 September 2008
Foreseen end date
31 December 2008

Description

The French bank Société Générale has announced to recruit close to 5,500 new staff members in France between September and December 2008. The recruitment comes amid fears of widespread job losses in the global financial services industry as the credit crunch leads to fears of economic recession.


Sources

Citation

Eurofound (2008), Societe Generale, Business expansion in France, factsheet number 67004, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67004.