Latest Breaking News On - Swiss bank employees association - Page 1 : vimarsana.com

UBS to absorb Credit Suisse domestic unit, eyes 3,000 job cuts

UBS to absorb Credit Suisse domestic unit, eyes 3,000 job cuts
dailytimes.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailytimes.com.pk Daily Mail and Mail on Sunday newspapers.

Sergio ermottiClaudine esseivaCredit suisseSwiss bank employees associationLiberals partyMinister guy parmelin

UBS Unveils Massive Job Cuts Post Credit Suisse Takeover: 30,000-35,000 Global Layoffs Expected

UBS has initiated a cost-cutting initiative exceeding $10 billion, signaling its intention to eliminate 3,000 jobs exclusively within Switzerland. This move follows its acquisition of struggling rival Credit Suisse, showcasing the considerable changes underway. The decision to eliminate approximately one in twelve Swiss positions within the newly merged banking behemoth offers insight into the extensive restructuring, which comes as UBS confronts the task of integrating a competitor that suffered significant customer withdrawals. The primary avenue for generating savings involves workforce

City ofUnited kingdomSergio ermottiSwiss bank employees associationCredit suisseWall street

UBS Set to Cut 3,000 Swiss Jobs Following Credit Suisse Rescue

Switzerland's banking landscape is in for a shakeup. UBS, the global banking titan, recently announced plans to eliminate approximately 3,000 positions in Switzerland

Sergio ermottiJeremy naylorCredit suisseSwiss bank employees associationJobs following credit suisse rescueGetty imagesDeep diveOutcry over deal

UBS Swiss job cuts to be carried out with good social plan, union says

UBS Swiss job cuts to be carried out with good social plan, union says
devdiscourse.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from devdiscourse.com Daily Mail and Mail on Sunday newspapers.

Sergio ermottiCredit suisseSwiss bank employees association

After Credit Suisse takeover, UBS begins cost drive by axing 3,000 Swiss jobs

ZURICH (Reuters) -UBS Group embarked on a sweeping plan to cut more than $10 billion in costs, saying on Thursday it will axe 3,000 jobs in Switzerland alone after it took over its stricken rival Credit Suisse. The initial round of job cuts follows a decision by the globe's biggest wealth manager to absorb Credit Suisse's local arm - a solid profit-maker that last year was the only Credit Suisse division in the black - rather than spin it off, which UBS had also considered. Globally, 8,000 Credit Suisse have already left over the first half of the year.

Noele illienBrenna hughes neghaiwiSergio ermottiEdwina gibbsJohn odonnellTomasz janowskiOliver hirtJp morganSwiss bank employees associationDeutsche bankCredit suisseExecutive sergio ermottiJohno donnellUbs group