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ZURICH Oct 13 French lender Societe Generale
is looking to cut its private banking workforce in
Switzerland as it moves activities from Lausanne to its new
Swiss headquarters in Geneva, it said on Thursday.
"The private banking activity of Societe Generale in
Switzerland is considering reducing its workforce and has just
started a consultation period so as to support its employees
through this development," the bank said in a statement.
Swiss newspaper Tribune de Geneve reported earlier that
Societe Generale would cut around 80 of the 420 jobs at its
Swiss private banking business.
(Reporting by Brenna Hughes Negawi; Writing by Joshua Franklin;
Editing by Michael Shields)