Zurich (awp) – The contours and scope of the workforce reductions that will result from the hasty merger of UBS and Credit Suisse remain to be determined. Colm Kelleher, president of the three-key bank, said at a press conference on Sunday that it was premature to talk regarding layoffs.
UBS and Credit Suisse each employ around 16,000 people in Switzerland.
The bank with the two veils for its part assured in a press release that “UBS expressed itself with confidence on the maintenance of the employment of the employees of Credit Suisse”.
UBS, however, has estimated the amount of savings it expects to achieve between the merger and 2027 at $8 billion.
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