SocGen to cut 3700 jobs in merger with Credit du Nord - NewsBreak
By Jozef in Business
Updated 3 years ago
Societe Generale is to create a new French retail bank through a merger with its unit Credit du Nord, leading to 3700 job losses between 2023 and 2025. The merger will create a single bank with one branch network, one head office and one IT system serving nearly 10 million clients.