PARIS (Reuters) -Societe Generale, France's third-biggest listed bank, is poised to close 101 branches in the country next year, the CGT union said in an emailed statement on Wednesday. The management
Societe Generale Plans to Shut Down 101 Branches in France by 2026
Societe Generale's Branch Closure Strategy
PARIS (Reuters) -Societe Generale, France's third-biggest listed bank, is poised to close 101 branches in the country next year, the CGT union said in an emailed statement on Wednesday.
Impact on Employees
The management of SocGen’s French retail division informed staff representatives of the plan, the CGT said. A SocGen spokesperson declined to comment.
Historical Context of Branch Closures
SocGen has already closed about 600 of the nearly 2,100 branches it had in 2020 following the merger of its two French retail banking networks. It currently has about 1,450 branches in France.
(Reporting by Mathieu RosemainEditing by David Goodman)
