The HSBC bank will remove 348 positions in France, or 10% of its workforce in the country – Liberation

British Bank HSBC will remove 348 positions in France, or 10% of its workforce in the country, she said this Wednesday, May 14, confirming daily information The echoes. HSBC comes « To present a PSE (job safeguard plan, editor’s note) major to staff representatives, relating to more than 10% of its workforce in France », Written the newspaper, which a bank spokesperson confirmed to AFP.

In total, 348 positions are affected by this plan on “Some 3,000 that the bank still has today. Support but also commercial functions are concerned ”add the article.

In September become the director general of HSBC, Georges Elhedery, a former financial director, initiated in October a redesign of the international structure for the « Simplify »but also separate its markets « Oriental » And « Western », To focus on markets « Which have a clear competitive advantage and the greatest growth opportunities ». « HSBC remains fully committed to Europe »however assured echoes a source within the bank. “We always want to be the international bank of our customers. »»

The banking giant had added in February that the reorganization plan initiated by its new director general should save 1.5 billion dollars per year by the end of 2026. The banking group announced that it had made a net profit of 22.9 billion dollars in 2024, up 2%

The British bank sold its retail bank in France in 2024 to the company My Money Group (MMG), controlled by the American fund Cerberus, which now operates the network under the name Crédit Commerce de France (CCF). The management announced in early December the departure of hundreds of employees and the closure of more than 80 agencies (out of a total of 234 agencies today).

HSBC will also sell its life insurance activities in France to mutualist Matmut insurer, after an agreement concluded at the end of 2024.