The Home Run 3:00pm - 6:00pm

Listen Live

Search

UBS sheds more staff

Tuesday, 28 January 2025 06:30

The UBS bank is shedding further jobs. It’s expected hundreds of workers will be laid off.

The bank is losing staff as it continues its merger with Credit Suisse. It took over the failed bank in 2023.

UBS has said previously that it expects around 3,000 will be sacked. When it took over Credit Suisse, the combined banks employed 35,000 in Switzerland. 

As the merger continues, UBS is eliminating all signs of its former rival. Credit Suisse logos are being removed from buildings and many branches have been closed.

It’s thought this latest wave of cuts won’t be the last.

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