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UBS announces 3,500 job losses

Agence France-Presse
23 Aug 2011 at 07:50 ET

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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.

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WATCH: Florida cop makes up law to ticket black man for walking without identification

WATCH: Emotional Donald Trump supporter explains that his family ‘won’t be insured’ if Obamacare goes away

CNN panel goes off the rails when Robert Reich slams the door on conservative’s Trumpcare illusions

GOP strategist Steve Schmidt rips Republican ‘lemmings’ going ‘over a cliff’ on Trumpcare

‘He kind of looks like a dick’: Potential jurors take an immediate dislike to ‘pharma bro’ Martin Shkreli

‘Why don’t we turn the cameras on?’ Listen to Spicer get heckled at off-camera White House briefing

‘I can do whatever I want’: Nunes admits he was never going to recuse himself from the House Russia probe

America in crisis: Is a second Civil War in the making?

Watch: India’s PM Modi evade Trump’s power handshake

Defense officials ‘caught off guard’ by White House statement on Syria chemical weapons prep: report

UBS announces 3,500 job losses

About the Author

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