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Societe Generale to cut jobs

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Societe Generale, seeking to restore growth and profitability, will deepen job cuts at its French consumer bank and take exceptional charges of about $678 million against fourth-quarter earnings.

European banks' job loss announcements fall

way out

Job cuts announced by European banks have tumbled in 2016, as they work through a backlog of layoffs unveiled in previous years and struggle to find new areas where they can trim staff without threatening profitable operations.

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Societe General Sign

Societe Generale to cut jobs

Societe Generale, seeking to restore growth and profitability, will deepen job cuts at its French consumer bank and take exceptional charges of about $678 million against fourth-quarter earnings.