About: http://data.cimple.eu/news-article/36d6c501741814fa9f41de3b1cde5dee2a60313f72dfca9102483414

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About: http://data.cimple.eu/news-article/36d6c501741814fa9f41de3b1cde5dee2a60313f72dfca9102483414 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	French bank Societe Generale said Monday it planned to close 600 branches in France in the next five years as it consolidates its network around the country. The group said it would merge its Societe Generale branches with those of its subsidiary Credit du Nord, leading to the closures and an unspecified number of job losses. Sebastien Proto, deputy general manager of the group, told AFP there would be no forced redundancies with the group relying on retirements and "natural departures". Societe Generale is keen to cut costs after reporting a loss in the first six months of the year of more than a billion euros (1.2 billion dollars). The traditional banking sector is undergoing huge change worldwide because of falling demand for in-person services in branches, as well as competition from new so-called "fintech" groups which are taking on the industry's legacy institutions. Societe Generale said it planned to have 1,500 branches by the end of 2025 from 2,100 currently. bt/adp/je
schema:headline	Societe Generale says to shut 600 branches in France
schema:mentions	BT Group Agence France-Presse French language Management France Crédit du Nord Société Générale Financial technology Adenosine diphosphate
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-12-07 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	80 (xsd:integer)
http://data.cimple...tology#hasEmotion	fear

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