Arab Today, arab today ubs could shed 10000 jobs
Last Updated : GMT 17:10:22
Arab Today, arab today
Arab Today, arab today

UBS could shed 10000 jobs

Arab Today, arab today

Arab Today, arab today UBS could shed 10000 jobs

Geneva - AFP

The Swiss banking giant UBS could shed 10,000 jobs in the near future, according to a report on Saturday in the Tages Anzeiger daily. The company could announce the layoffs when it presents its quarterly results on October 30, the newspaper said. Most of the layoffs are expected to come from the bank\'s Information Technology arm which currently employs 8,200 people, 3,200 of them in Switzerland, it said. The bank employed 63,520 people worldwide at the end of June, including 22,500 in Switzerland. There was no comment immediately available on the report from the bank.

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