PARIS (Reuters) – French bank Societe Generale
The bank is to announce the cuts on Monday after meeting union representatives on Friday, the business daily reported, adding that more reductions could follow in its retail business.
Societe Generale declined to comment when contacted by Reuters.
The bank reported on Thursday it had returned to profit in the third quarter, helped by a recovery in its markets business, after accelerating efforts to overhaul retail and markets activities following two consecutive quarterly losses.
(Reporting by Leigh Thomas; Editing by Edmund Blair)
