The Société Générale bank wants to close 148 sites including 40 agencies

The Société Générale bank plans to close 148 sites, including 40 agencies, out of a base of around 1,770 from the second quarter of 2027, announced a source close to the matter, confirming information from the daily Les Échos.

These 148 site closures represent a total of 8% of the bank's assets and include, among them, the elimination of 40 branches, each with 7 to 8 employees. But mainly, these points of sale concern “small sites”, such as “small counters with 2 to 3 employees” which will close from the second quarter of 2027 “in order to be grouped together at their main agency”, often located a few kilometers away, a source close to the matter continues with AFP. In total, Société Générale will go from 1769 to 1621 points of sale.

“Grow existing agencies”

According to the same source close to the matter, no layoffs are expected but 40 agency director positions will be eliminated. The employees concerned will be redeployed to other departments of the company. In total, 376 employees will be transferred from their original site to another branch of the bank. The objective of this “reorganization of the network” is to “grow existing agencies, to have more advice and more expertise in the same place”, assures the bank.

In a press release sent to AFP on Wednesday, the CGT-SG is opposed to “imposed mobility” on employees when it degrades “personal life”. It also requires “full compensation for additional costs and travel times, suitable premises before any transfer, staff numbers proportionate to the activity and monitoring of psychosocial risks”. “In 2026, 101 points of sale have already been closed. We are worried about a network which is decreasing from year to year,” laments Ludivine Perreaut, national union representative of the CGT-SG. Contacted, Société Générale did not wish to comment.