Overview
- The proposal targets several headquarters functions and the regional structure of the retail bank, while the branch network is excluded.
- Reductions would be achieved through natural attrition and internal mobility without a departures plan, equal to about 4.5% of the group’s 40,000 employees in France.
- Changes are slated to be phased in during 2026 and 2027, with a longer timeline possible for the retail bank operations.
- The bank has submitted the project to employee representative bodies for consultation, following an employment accord signed in mid-December with three unions.
- The CGT, which disclosed the outline a day earlier, condemned a “policy of fait accompli,” and says a plenary of staff representatives is expected by late April.