March 9, 2016 / 5:47 PM / 2 years ago

Societe Generale says to cut 550 jobs over five years

PARIS (Reuters) - French bank Societe Generale said on Wednesday it would shed 550 jobs over five years as part of consolidation of its 20 French client treatment centres into 15 sites.

A French Bank Societe Generale logo is seen on the facade of their building in Paris, March 3, 2016. REUTERS/Christian Hartmann

The bank said that the plan, part of a push to cut costs at its retail network while investing in digital banking, would not rely on mandatory redundancies.

Reporting by Leigh Thomas; editing by Michel Rose

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