PARIS—French bank Societe Generale said on Tuesday it will cut 3,700 jobs between 2023 and 2025 as it merges its retail network with that of its unit Credit du Nord, but it added that there would be no forced redundancies.
The new retail bank targets a headcount of 25,000 employees and the job cuts will come about through natural attrition, which is estimated at 1,500 a year until 2025.
