By Mauro Orru

Societe Generale SA is planning to cut jobs across its support function in the U.K. in a bid to reduce costs, a spokeswoman for the French bank said Thursday.

"Following a dedicated review to deliver more sustainable and profitable growth, Societe Generale U.K.'s platform has proposed a local cost reduction plan impacting U.K. headcount, mainly across the support functions," the spokeswoman said, adding that a consultation process has been launched for staff affected by the plan.

Write to Mauro Orru at mauro.orru@wsj.com

(END) Dow Jones Newswires

February 13, 2020 09:57 ET (14:57 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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