France: Société Générale addresses PSR prevention amid a period of unease at the soon to be merged bank


According to our information, on 10 November French bank Société Générale together with three trade unions reached an agreement on ‘quality of life and working conditions’. The text significantly strengthens psychosocial risk prevention by implementing a set of monitoring indicators and by promising appropriate plans going forward that are founded in the results of a diagnosis undertaken by an expert firm in this domain. The agreement comes at a time when the ongoing merger between Société Générale and Crédit du Nord unions fearing a deterioration in working conditions.

Through Antoine Piel. Published on 16 November 2022 à 13h42 - Update on 16 November 2022 à 13h42

After a six-month process, three trade unions (the SNB (CFE-CGC), the CFDT and the CFTC) eventually signed the agreement on quality of life and working conditions with management. The scope of the text extends beyond that of the agreement on working conditions that was signed in June 2018 and in particular it aims to take into account “the current particularly complex context” of the banking group, not least in terms of the merger that will be launched on 01 January 2023. This new text provides a framework for the prevention of PSRs at a time when the unions are warning of ‘struggling employees’ and deteriorating working conditions.…

Antoine Piel

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