Fintech News

Swiss UBS Job Cuts Could Grow by Up to 12,000, Bank Union Warns

The Swiss Bank Employees Association has warned that stricter capital rules could put UBS’s future in Switzerland in doubt. According to a letter to lawmakers reported by NZZ, a move abroad could lead to UBS job cuts of 10,000 to 12,000 roles. That is about a third of the bank’s 34,000 Swiss jobs, on top [...] The post Swiss UBS Job Cuts Could Grow by Up to 12,000, Bank Union Warns appeared first on Fintech Schweiz Digital Finance News - FintechNewsCH.

By Fintech News

1 min read
Swiss UBS Job Cuts Could Grow by Up to 12,000, Bank Union Warns
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