Ubs Outlines Jobs Cull From Credit Suisse Takeover


(MENAFN- Swissinfo) Pусский (ru) Банк UBS сократит рабочие места после поглощения Credit Suisse
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UBS, which is in the process of taking over Credit Suisse, has outlined some of the painful measures in store as it seeks to make $10 billion (CHF8.8 billion) in savings. Job cuts already began some months ago when Credit Suisse tried to put its own crumbling house in order.

Last October, Switzerland's second largest bank announced a major restructuring plan that would result in 9,000 jobs being lost. But it was too little, too late – resulting in the emergency sale of Credit Suisse to UBS in March.

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Swissinfo

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