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Published 17 days ago

Five waves of UBS layoffs to start in June, SonntagsZeitung says

Summary by WTVB
VIENNA (Reuters) – Layoffs under Swiss banking giant UBS’s cost-cutting programme announced after its takeover of Credit Suisse will take place in five waves this year starting in June, newspaper SonntagsZeitung reported on Sunday. UBS was not immediately available for comment. In August UBS announced its plan to eliminate around one in 12 of its Swiss jobs and cut costs by more than $10 billion as it consolidates a competitor that unravelle…

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