Internal restructuring
Location of affected unit(s)
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64.19 - Other monetary intermediation

375 - 400 jobs
Number of planned job losses
Job loss
Announcement Date
7 November 2013
Employment effect (start)
1 January 2014
Foreseen end date
31 December 2015


Bank group Societe Generale has announced to cut up to 400 positions in France by 2015. According to a union, 375 job cuts will be made.

The measure is to affect the bank’s corporate and investment banking, private banking and assets management. Positions under threat are within management, administration, and IT services.

In the meanwhile, the group will create 250 positions in Bangalore (India) where it operates a shared services center.

Previously in 2013 and 2011, Societe Generale had announced a total of about 1,500 job cuts in France.


  • 7 November 2013: Les Echos
  • 7 November 2013: Le Monde


Eurofound (2013), Societe Generale, Internal restructuring in France, factsheet number 76149, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76149.