ZURICH (Reuters) -The gap between the highest- and lowest-paid workers in Switzerland widened in 2023, with top managers earning on average 143 times more than their lowest-paid employees, according to a study published by trade union Unia on Monday. The pay gap was up from 139 times in 2022, the study said, with the country’s...
Tag: sergio ermotti
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UBS CEO says job cuts in Switzerland to start in late 2024 – ETHRWorld
Last August UBS said it would axe 3,000 jobs in Switzerland ZURICH: UBS’s CEO on Tuesday said the majority of job cuts in its home market, Switzerland, will start from around the end of the year and continue into 2025 and 2026. In a call with journalists, Sergio Ermotti said the cuts are not something...
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85 Swiss branches of UBS and Credit Suisse to shut, report says
ZURICH, – UBS will close 85 branches in Switzerland of its combined operations with Credit Suisse by 2025 as part of its consolidation of its erstwhile rival, Swiss media reported on Friday. The Aargauer Zeitung said the closures would be where UBS and Credit Suisse branches stood in “immediate proximity”, and that a pilot phase...