Societe Generale to cut 128 jobs in its GBIS division: union

Sun Apr 3, 2016 3:20pm EDT
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PARIS (Reuters) - French bank Societe Generale (SOGN.PA: Quote) is planning to cut 128 jobs at its Global Banking & Investor Solutions division, the CGT union said in an e-mailed statement Sunday.

CGT did not give a timeframe for the staff reduction.

The job cuts are part of a cost-saving plan announcement by the bank in 2015.

A Societe Generale spokesman declined to comment.

(Reporting by Mathieu Rosemain, editing by David Evans)

A French Bank Societe Generale logo is seen on the facade of their building in Paris, March 3, 2016.  REUTERS/Christian Hartmann