UBS to cut 10,000 jobs

“Swiss bank UBS said Tuesday it intends to slash 10,000 jobs as the firm pares back its investment banking arm.
The restructuring will save the bank more than $3.6 billion over three years, according to the firm’s estimates. The loss of 10,000 bankers represents more than 15% of the bank’s workforce, which will fall to a total of 54,000 employees by 2015.”

Source: UBS to cut 10,000 jobs – Oct. 30, 2012

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