SocGen Announces Close to 1600 Job Cuts

Societe Generale is set to cut 1600 jobs, with 750 in France, as part of a strategy to simplify its head office and achieve sustainable growth. The bank aims to streamline operations for profitability, despite the significant job losses.

What was the initial reaction of the union to the job cuts at Societe Generale?

• They supported the decision.

• They organized a protest.

• They were unaware of the cuts.

• They discussed the issue.

How many jobs are being cut by Societe Generale?

• 1600

• 750

• 1000

• 2000

In which country will the majority of the job cuts occur?

• Italy

• France

• Spain

• Germany

What is Societe Generale's main goal behind restructuring?

• To increase employee benefits

• To reduce competition

• To achieve sustainable growth

• To expand globally

What is the primary focus of Societe Generale's current strategy?

• Simplifying head office structure

• Increasing market share

• Launching new products

• Hiring more employees