Major Bank to Announce More Job Losses Soon

UBS via ceoworld

UBS via ceoworld

A Swiss bank will be announcing  a high number of  job cuts  around 22 April, according to Sonntagszeitung newspaper.

UBS’s marketing and supporting functions were named by the sources papers as  sectors of the bank that will face the most job cuts.

The newspaper also mentioned that Switzerland would be hit hardest with over  26,000 UBS employees loosing their jobs.

The bank has already announced plans to let go 10% of its workforce bringing the total staff number to about 75,000 by the end of this year.

Sonntagszeitung via Assai

Sonntagszeitung via Assai

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