As many as 11,000 employees will be laid off in Switzerland, and another 25,000 worldwide
, the Swiss newspaper said, citing an unidentified senior manager at UBS. The two lenders together employed almost 125,000 people at the end of 2022 — about 30% of them in the home country. A spokesperson for UBS declined to comment on the report.opened a probe
into the takeover and was working to identify possible crimes. The top federal prosecutor ordered national and regional authorities to investigate, according to a statement. Years of scandals at Credit Suisse culminated in massive deposit outflows which would have seen it collapse the following Monday had action not been taken, according to Switzerland’s. The emergency takeover of Credit Suisse by its larger competitor in a $3.3 billion deal was announced by the Swiss government on March 19 after five days of talks brokered by officials.
The number of predicted layoffs described by the newspaper dwarfs the 9,000 that Credit Suisse announced before its rescue by UBS. The final total wasPublicly, UBS has said it will give clarity on job cuts as soon as it can. While it was clear that major layoffs were coming, the lender sees retention of talent as a significant part of the takeover’s execution risk.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
‘Work until I die’: China’s over-50s cut out of job market in economic recovery\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t
Weiterlesen »
Laughing gas ban won't cut crime without funding for young people, ministers warnedSuella Braverman said the criminalisation of laughing gas would tackle 'hordes of youths loitering in and littering parks'
Weiterlesen »
Dairy cows could be fed methane suppressants in bid to cut down on greenhouse gasesThe government says it is planning to 'encourage' the use of the suppressants when they become available on the UK market and believe they could help the UK to achieve net zero by 2050.
Weiterlesen »
Manchester's original ‘Tram Taylor’ cut-out is to be auctioned offA brand new cardboard figure of the 'Shake It Off' popstar has taken pride of place once again in the window, with the original now going to be sold to the highest bidder
Weiterlesen »
Oil prices surge after surprise move to cut outputBrent Crude jumps by more than $5 a barrel after a group of oil exporters say they will cut production.
Weiterlesen »