UBS sinks 9000 more jobs.
Change the letters in UBS around and one can make the word SUB, and that is basically what the company is doing fast (sinking like a sub). It’s also the Sub-Prime market that has caused this problem for UBS. They announced a further 9000 job cuts this week, more than ten per cent of the group’s global workforce – with 2500 to go in Switzerland alone.
Job losses = 9000
Related Web Links:
- Record Swiss loss of SFr20bn for UBS (Feb 10th 2009).
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