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Report: SocGen to eliminate 128 jobs, union says

SociétéGénérale SA is looking to lay off 128 employees at its globalbanking and investor solutions unit, Reuters reported April 3, citing asame-day statement from trade union CGT.

The union did not specify a time frame for the job cuts,part of the bank's plan to save an additional €850 million by 2017-end, thenewswire noted.