UBS announces 3,500 job losses

By Agence France-Presse
Tuesday, August 23, 2011 7:50 EDT
google plus icon
  • Print Friendly and PDF
  • Email this page

Swiss banking giant UBS on Tuesday announced plans to shed 3,500 jobs in order to make savings of some 2 billion Swiss francs (1.8 billion euros, $2.5 billion).

UBS aims to make the personnel cuts “through redundancies as well as natural attrition”, the bank said in a statement.

Agence France-Presse
Agence France-Presse
AFP journalists cover wars, conflicts, politics, science, health, the environment, technology, fashion, entertainment, the offbeat, sports and a whole lot more in text, photographs, video, graphics and online.
By commenting, you agree to our terms of service
and to abide by our commenting policy.