Breakfast Show 6:30am - 10:00am

Listen Live

Search

Swiss jobs to go at Credit Suisse before Christmas

Monday, 31 October 2022 06:30

Credit Suisse

It will be a worrying end of year for many Credit Suisse workers as the bank says it will start sacking staff in the next few weeks.

The bank has already announced thousands of cuts across the world in the next 2 years – it hopes most can be achieved voluntarily. 

But 540 Swiss based positions will go before Christmas as well as around a further 2,000 globally. 

To counter criticism the bank has received for allowing the Saudi National Bank to take a large stake – the bank's boss, Ulrich Körner, told the NZZ newspaper that shareholders do not have influence on the direction of the bank or is ethical principles. 

Share

More from Bitesize News

  • Geneva could foot the G7 bill

    Geneva fears it will be left with the security bill from a G7 summit just across the border in Évian, according to 24 heures.

  • US NGO discovers Swiss child abuse cases

    Switzerland relies too heavily on an American NGO to detect child sexual abuse online, raising questions about the country's ability to protect children on its own.

  • French singer banned by Paleo

    The Paléo Festival in Nyon says it will no longer invite French singer Patrick Bruel, after a former volunteer accused him of inappropriate behaviour.

  • Cars going uninspected

    The cantons are struggling to keep up with mandatory vehicle inspections, leaving more than 550,000 checks overdue nationwide.

  • War may lead to rent rises

    Rents may rise again, says the bank Raiffeisen.

  • Not a heatwave, yet

    Summer has arrived, with temperatures climbing past 30 over the long weekend. Basel reached 31 and Sion hit 32.4, but MeteoSwiss, says this does not yet count as an official heatwave.

Follow WRS

Download our app

  • Available on the App Store
  • Available on Google Play