PARIS Nov 22 Societe Generale,
France's No. 2 listed bank by value, is considering outsourcing
400 back-office jobs at its corporate and investment bank,
according to two union memos seen by Reuters.
The plan, in which consulting company Accenture
would take on staff working mainly in custody and securities
services, could be extended to other businesses, such as broader
financing, the memos suggested.
"(It is) a project to transfer 400 jobs ... Accenture is
asking that the transfer be mandatory," one memo drafted by the
CGT union said.
A SocGen spokesman said the bank was looking at a project
with "an outside partner" to create a European back-office
custody business that would offer services to rival banks. He
would not confirm the number of jobs affected, nor the
possibility of expanding the remit of the plan.
The news was earlier reported by French investment
Five of the biggest staff unions at SocGen have called for a
strike on Jan. 8 to protest against the threat of job cuts and
salary freezes at the bank.
SocGen has spent the past year cutting costs and staff to
slim down its balance sheet and replenish capital amid the
grinding pain of the euro zone debt crisis.
It said on Nov. 8 that it had completed its plan to reshape
its investment bank, but it warned that the outlook for 2013