PARIS - Societe Generale, one of France's big four commercial banks, said it would reduce domestic branch staff by 2.5% in a major restructuring of its operations.

With 23,000 people employed in Societe Generale's network, a 2.5% reduction would amount to about 600 positions.

Societe Generale, which has $224 billion in assets, is moving to trim costs in tandem with the country's other national banks. It did not release further details of the restructuring plan.

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