Finance
UBS Axes Hundreds of Swiss Jobs as Integration Gathers Pace
The job cuts are happening at a time when UBS is working to erase most traces of Credit Suisse from public view in Switzerland.
Photographer: Stefan Wermuth/BloombergThis article is for subscribers only.
UBS Group AG has begun a wave of job cuts in its home market Switzerland, with hundreds of employees receiving notice in recent weeks, according to people familiar with the matter.
The current round impacts both higher management levels and lower ranks, the people said, who asked not to be named discussing private details. Employees are able to enter a program which allows up to a year to find a new role within the bank, the people said.