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Societe Generale Considers Outsourcing 400 Jobs; Staff Unions Call for a Strike-Reuters

Thursday, 22 Nov 2012 04:34am EST 

Reuters reported that Societe Generale is considering outsourcing 400 back-office jobs at its corporate and investment bank, according to two union memos. 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. Five of the biggest staff unions at Societe Generale have called for a strike on January 8, 2013 to protest against the threat of job cuts and salary freezes at the bank. 

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