Business expansion
Location of affected unit(s)
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

20,000 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


The French bank Société Générale planned to recruit close to 20,000 employees worldwide this year, including 5,500 in France. The bank's recruitment comes at a time of widespread job losses in the global financial services industry and fears of economic recession due to credit crunch. Société Générale, trying to fight back from a trading scandal early this year, said it now had 151,000 employees. Societe Generale provides financial services in Europe. It operates in 82 countries. Its operations are organized according to five business lines: French Networks, International Retail Banking, Financial Services, Global Investment Management and Services, Corporate and Investment Banking.


  • 28 August 2008: La Tribune
  • 28 August 2008: Le Figaro (www.lefigaro.fr)
  • 27 August 2008: La Tribune


Eurofound (2008), Société Générale, Business expansion in World, factsheet number 67005, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67005.