EMCC European Monitoring Centre on Change

Societe Generale

Company/Organisation:
Societe Generale

Geographic Location

Country: France

Company

Sector: Financial services
Financial and insurance activities
66 - Activities auxiliary to financial services and insurance activities
Group: Societe Generale

Employment Effects

Announcement Date: 27-08-2008
Type of Restructuring: Business expansion
Employment Effect Start: 01-09-2008
Foreseen End Date: 31-12-2008
Planned Job Creation: 5500

Additional Information

The French bank Société Générale has announced to recruit close to 5,500 new staff members in France between September and December 2008. The recruitment comes amid fears of widespread job losses in the global financial services industry as the credit crunch leads to fears of economic recession.