The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Financial / Insurance/ Estate 66 - Activities auxiliary to financial services and insurance activities 66 - Activities auxiliary to financial services and insurance activities 66 - Activities auxiliary to financial services and insurance activities
5,500 jobs Number of planned job creations
Announcement Date
27 August 2008
Employment effect (start)
1 September 2008
Foreseen end date
31 December 2008
Description
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.
Eurofound (2008), Societe Generale, Business expansion in France, factsheet number 67004, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67004.