UBS could shed 10,000 jobs—report
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GENEVA – The Swiss banking giant UBS could shed 10,000 jobs in the near future, according to a report on Saturday in the Tages Anzeiger daily.
The company could announce the layoffs when it presents its quarterly results on October 30, the newspaper said.
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Most of the layoffs are expected to come from the bank’s Information Technology arm which currently employs 8,200 people, 3,200 of them in Switzerland, it said.
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The bank employed 63,520 people worldwide at the end of June, including 22,500 in Switzerland.
There was no comment immediately available on the report from the bank.
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