Swiss Bankers Association warns up to 12,000 jobs at risk if UBS relocates headquarters
UBS UBS Group AG
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View chart & analysis → - 1The Swiss Bankers Association warned that up to 12,000 jobs in Switzerland could be affected if UBS relocates its headquarters due to strengthened capital requirements.
- 2UBS has recorded approximately 20,000 job reductions worldwide following the acquisition of Credit Suisse.
- 3UBS CEO Sergio Ermotti said that about 3,000 job cuts will occur in Switzerland during the integration process.
So what's the key point?
If UBS moves its headquarters, 12,000 jobs in Switzerland could be at risk. This means jobs could disappear for the company and its employees.
Source Private Banker International · View original ↗
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