UBS could shed 10,000 jobs: report
The Swiss banking giant UBS could shed 10,000 jobs in the near future, according to a report on Saturday in the Tages Anzeiger daily.
The company could announce the layoffs when it presents its quarterly results on October 30th, the newspaper said.
Most of the layoffs are expected to come from the bank's Information Technology arm which currently employs 8,200 people, 3,200 of them in Switzerland, it said.
The bank employed 63,520 people worldwide at the end of June, including 22,500 in Switzerland.
There was no comment immediately available on the report from the bank.
Comments
See Also
The company could announce the layoffs when it presents its quarterly results on October 30th, the newspaper said.
Most of the layoffs are expected to come from the bank's Information Technology arm which currently employs 8,200 people, 3,200 of them in Switzerland, it said.
The bank employed 63,520 people worldwide at the end of June, including 22,500 in Switzerland.
There was no comment immediately available on the report from the bank.
Join the conversation in our comments section below. Share your own views and experience and if you have a question or suggestion for our journalists then email us at [email protected].
Please keep comments civil, constructive and on topic – and make sure to read our terms of use before getting involved.
Please log in here to leave a comment.