UBS Plans 10,000 Job Cuts

By  |  October 30, 2012
 | 

Swiss bank UBS has announced plans to cut 10,000 jobs, taking its overall staff down to 54,000 in what amounts to a 15 percent workforce reduction.

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    Switzerland, the U.S. and the U.K. will be most heavily affected by the cuts, and will affect front-office investment banking and support staff, reports Reuters.

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