Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Société Générale    GLE   FR0000130809

SOCIÉTÉ GÉNÉRALE

(GLE)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

SOCIETE GENERALE : SocGen Trade Unions Call One-Day National Strike

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/08/2013 | 06:30am EST

By Noemie Bisserbe

PARIS--Trade unions at French bank Societe Generale SA (GLE.FR) called a one-day national strike Tuesday to protect jobs at the bank as it continues its cost cutting plans.

"It seems that the management is trying to give itself the means to easily proceed with new lay-offs," said Alain Treviglio, a trade union representative with the French Democratic Confederation of Labour, or Cfdt. "Employees are very worried," he added.

The call for a strike highlights the growing tension between the bank's employees and its senior management who are under pressure to cut costs to cope with Europe's unfolding sovereign debt crisis.

A spokeswoman for Societe Generale said that while the bank was considering outsourcing part of its back office activities, it didn't intend to implement a "global job cut plan."

The Paris-based lender, France's second-largest listed bank, announced plans in September 2011 to accelerate asset disposals, and launched a cost-cutting program aimed at freeing 4 billion euros ($5.22 billion) in capital by 2013. The bank completed its restructuring plan late last year, cutting 880 jobs in France in the process.

Write to Noemie Bisserbe at noemie.bisserbe@dowjones.com

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on SOCIÉTÉ GÉNÉRALE
02:05aSOCIETE GENERALE : Ghana Rugby and Societe Generale Ends 2019 "Get Into Rugby" O..
AQ
12/06SOCIETE GENERALE : Ghana Rugby and Societe Generale Ends 2019 "Get Into Rugby" O..
AQ
11/27AXA to Fully Exit Coal Industry in Europe and OECD Countries by 2030
DJ
11/26SOCIETE GENERALE : 7th “Environmental Efficiency Awards”
PU
11/21SocGen's heads of Asia trade finance depart after bunker fuel losses
RE
11/19SOCIETE GENERALE : Socgen workers move into new london hq
AQ
11/15Europe's Top Investment Banks Look to Tackle Decline with New Leadership
DJ
11/13Frustration, safety fears at finance firms as protests paralyse Hong Kong
RE
11/13SOCIETE GENERALE : SocGen Names New CEO of Asia Pacific Unit
DJ
11/12SOCIETE GENERALE : Donates Gh¢50,000 Towards Farmer's Day Celebration
AQ
More news
Financials (EUR)
Sales 2019 24 519 M
EBIT 2019 6 904 M
Net income 2019 3 012 M
Debt 2019 -
Yield 2019 7,51%
P/E ratio 2019 8,22x
P/E ratio 2020 7,42x
Capi. / Sales2019 1,02x
Capi. / Sales2020 1,01x
Capitalization 24 942 M
Chart SOCIÉTÉ GÉNÉRALE
Duration : Period :
Société Générale Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SOCIÉTÉ GÉNÉRALE
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 22
Average target price 29,14  €
Last Close Price 29,36  €
Spread / Highest target 19,2%
Spread / Average Target -0,73%
Spread / Lowest Target -41,9%
EPS Revisions
Managers
NameTitle
Frédéric Oudéa Chief Executive Officer
Lorenzo Bini Smaghi Chairman
Philippe Amestoy Head-Operations & Transformation
William Kadouch-Chassaing Group Chief Financial Officer
Carlos Goncalves Head-Global Technology Services
Sector and Competitors