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-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.

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

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

UBS-Credit Suisse Layoffs: Merger Could See Around 36,000 Jobs Cut, Says Report

Up to 11,000 jobs could be cut in Switzerland alone, according to the weekly, which did not provide details of which posts could be targeted.

After taking over Credit Suisse: “Swiss major bank UBS wants to cut tens of thousands of jobs”

The Swiss major bank UBS wants to reduce the workforce by 20 to 30 percent after taking over the ailing competitor Credit Suisse. Globally, 25,000 to 36,000 jobs would be at risk. This is what the Swiss newspaper Sonntagszeitung writes, quoting an anonymous top manager at the bank.