Showing posts with label 000 jobs. Show all posts
Showing posts with label 000 jobs. Show all posts

Sunday, October 21, 2012

Credit Suisse, UBS may cut 7,000 jobs



UBS is to cut 3,000-5,000 jobs as part of cost-saving measures to offset falling profit, while rival Swiss bank Credit Suisse may announce 1,000-2,000 cuts, Reuters reported on Sunday.
UBS plans to shed 900 jobs in Information Technology, alongside a further 2,000-4,000 layoffs in its investment bank and other central functions, the paper said.
A spokesman for UBS, scheduled to report third-quarter earnings on October 30, would not comment on the report.

ST

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