Banking workers fear for their jobs

Monday, 3 February 2025 06:30

Those working in the banking sector will watching the results due this week with trepidation.

The numbers are expected to be poor – and many institutions are expected to cut jobs.

We already know UBS is shedding people and last week Julius Bär warned of hundreds of job losses.

More is set to come.

This week, many cantonal banks will release their numbers as well as others.

One bank thought to be trading well, with a balanced workforce, is the Zurich Cantonal Bank.

But for the others, it’s troubling times.

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