Summary
SWISS bank UBS is axing around 5,500 jobs after being hit by first-quarter losses of pounds 5.5bn as a result of the credit crunch.
The group said it will cut 2,600 jobs in its investment banking arm by the end of the year, with the remaining roles to be trimmed across the business by mid-2009.See the full content of this document
Extract
Credit Crunch Sees 5,500 Jobs Go ; in Association with Rbs
It is unclear how many jobs will go in the UK, where UBS employs around 9,000 staff, with an office...
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