UBS-Credit Suisse merger could see up to 30% job cut globally: Report

UBS to cut workforce by up to 30% after Credit Suisse takeover: Report

As many as 11,000 employees will be laid off in Switzerland and another 25,000 worldwide, a Swiss newspaper reported.

UBS could cut tens of thousands of jobs following Credit Suisse takeover

UBS may cut as much as a third of its workforce following its takeover of Credit Suisse, Swiss newspaper Tages-Anzeiger reported this weekend, as the bank considers its options for delivering the deal. At the end of 2022, the bank employed around 125,000 people, where approximately 30 per cent of those were based in Switzerland. However, according to the report, some 30,000 jobs could be at risk, as the two banks have significant overlap in th…

Ubs-Credit Suisse, with the merger at risk of up to 36 thousand jobs

A crucial week is opening for Credit Suisse. The Credit Suisse shareholders' meeting on Tuesday and Wednesday that of Ubs for the merger that takes place without the approval of their respective shareholders, since the Swiss authorities revoked the obligation to consult them due to the rescue. After the merger, 20-30% of jobs are at risk

Hastily arranged marriage of UBS-Credit Suisse could lead to loss of 36,000 jobs: Report

The hastily arranged alliance of Credit Suisse and UBS could trigger a loss of 36,000 jobs across the world, according to German media. The management brought in to wade through the stormy waters of the merger may be looking to cut between 20 per cent to 30 per cent of the workforce, meaning somewhere between 25,000 to 36,000 could end up losing their jobs, reported SonntagsZeitung.

Up to 30 percent of jobs will be lost at UBS and Credit Suisse

The two institutes have a total of around 120,000 employees. Savings are not only available in Switzerland.

UBS may slash 36,000 jobs worldwide after Credit Suisse takeover

In Switzerland alone, as many as 11,000 employees may be laid off