Select a language
First machine - Shareholders
Second machine - Redundancies
With former German central bank director Axel Weber at its head, Union Bank of Switzerland (UBS) has launched a drastic restructuring plan which will see approximately 10,000 jobs scrapped worldwide by 2015, including 2,500 in Switzerland. UBS is seeking to reduce its investment activities and focus on retail banking, which will also lead to more job losses for the City of London.
Was this article useful? If so we are delighted!
It is freely available because we believe that the right to free and independent information is essential for democracy. But this right is not guaranteed forever, and independence comes at a cost. We need your support in order to continue publishing independent, multilingual news for all Europeans.
Discover our subscription offers and their exclusive benefits and become a member of our community now!
