Credit Suisse and UBS must freeze any job cuts planned as part of their emergency merger, the Swiss Bank Employees' Association (SBPV) said on Monday, in an open letter to the country's parliament.

At the end of 2023, Credit Suisse employed 1,753 full-time workers at its RTP facilities, Gallagher said. This is down from roughly 2,300 local employees in 2022, state records show.

While no figure was given for a job-cut number, a person familiar with the matter has estimated that the cuts could be multiples of Credit Suisse’s existing plans to shed 9,000 roles.

The current pace of job cuts means UBS is set to miss the internal target of reducing its full-time headcount to 85,000 by the end of 2026, when it is set to complete the integration of its former ...

More than half of Credit Suisse's global workforce will be pruned beginning in July, Bloomberg reports, citing unidentified people familiar with the matter. That's more than 20,000 people.

In a separate statement, Credit Suisse, calling itself a UBS subsidiary following the completion of the deal on June 12, announced a loss of 8.9 billion Swiss francs ($10.1 billion) as it wrapped ...

According to a media report, the planned job cuts at UBS are progressing more slowly than expected. But the fact that the ...

The fate of Credit Suisse's investment bank hangs in the balance after being sold to UBS. The investment bank's planned spinoff has been put on hold and bankers are bracing for job cuts.

Credit Suisse announced in November that it would cut 9,000 jobs by 2025, including 2,700 by the end of December 2022. So we attributed those 2,700 layoffs to Credit Suisse and 36,000 to both ...

UBS completes takeover of Credit Suisse as job cuts loom UBS talks of the ‘beginning of a historic new chapter’ By Barbara Kollmeyer Follow Last Updated: June 12, 2023, 9:29 a.m. ET ...

Credit Suisse and UBS must freeze any job cuts planned as part of their emergency merger, the Swiss Bank Employees' Association (SBPV) said on Tuesday, in an open letter to the country's parliament.