- Industry
- 1 min read
UBS CEO says job cuts in Switzerland to start in late 2024
In a call with journalists, Sergio Ermotti said the cuts are not something the bank sees as "imminent" and that in the next months it will need "more resources to really manage the very complex integration process.
In a call with journalists, Sergio Ermotti said the cuts are not something the bank sees as "imminent" and that in the next months it will need "more resources to really manage the very complex integration process."
Last August UBS said it would axe 3,000 jobs in Switzerland alone after swallowing up its stricken rival Credit Suisse, a move expected to help the bank make significant cost savings. (Reporting by Noele Illien, Editing by Louise Heavens)
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