Société Générale Private Banking Suisse cuts 80 jobs

Societe Generale Private Banking Suisse intends to cut 80 jobs in Geneva sites, Lausanne and Zurich, it said in a statement on Thursday, confirming a commercial broadcaster news released La Télé.
"The private banking activity of Societe Generale in Switzerland is considering reducing its workforce and has just started a consultation period so as to support its employees through this development", explained the statement.

From this city, and from Zurich, the bank plans to control activities in Switzerland. As part of its activities in asset management, the bank actually employs approximately 420 employees.