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 Services Activities Auxiliary To Financial Services And Insurance Activities Activities Auxiliary To Financial Services And Insurance Activities 66 - Activities auxiliary to financial services and insurance activities
20,000 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 planned to recruit close to 20,000 employees worldwide this year, including 5,500 in France. The bank's recruitment comes at a time of widespread job losses in the global financial services industry and fears of economic recession due to credit crunch. Société Générale, trying to fight back from a trading scandal early this year, said it now had 151,000 employees. Societe Generale provides financial services in Europe. It operates in 82 countries. Its operations are organized according to five business lines: French Networks, International Retail Banking, Financial Services, Global Investment Management and Services, Corporate and Investment Banking.
Eurofound (2008), Société Générale, Business expansion in World, factsheet number 67005, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67005.
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