UBS Takes Over Credit Suisse: Impact on Swiss Bank Employees and Job Cuts

2023-06-05 18:40:50

Banks » What a pleasure to know that everything is taken care of. Enjoy financial peace of mind. UBS’s credo does not reassure the 17,000 employees of Credit Suisse on Swiss soil. For the Swiss Association of Bank Employees (Aseb), uncertainty weighs on the working atmosphere and on the troops, after the hasty takeover of the bank by UBS last March.

The great rival of Credit Suisse wants to quickly finalize the merger, at the earliest next Monday. He made this known on Monday without providing any information on the job cuts. His press release is three paragraphs long. A spokesperson clarified that, as CEO Sergio Ermotti has stated several times, all variants are being studied, including the possibility of maintaining the ra

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