Huffpost Business

UBS Cutting 5,000 Management Jobs, Says Swiss Paper

Posted: Updated:

Switzerland's biggest bank UBS plans to cut up to 5,000 senior and management jobs in the next few weeks, Swiss weekly SonntagsZeitung said on Sunday.

It said up to 2,500 management positions could go in UBS's dominant and profitable wealth management division, which accounts for 50,000 of the bank's total 77,000 staff.

Read the whole story at Reuters

Around the Web

Fresh UBS job cuts suggest more to come for sector | Markets ...

CEO Grubel’s First UBS Memo: Job Cuts Are Coming - Deal Journal - WSJ

More job cuts at UBS - Telegraph

Fresh UBS job cuts suggest more to come for sector