Tuesday, August 23, 2011

Top firm to axe 3,500

As expected UBS AG on Tuesday said it will eliminate around 3,500 jobs as it seeks to reduce its annual costs by about 2 billion Swiss francs ($2.5 billion) this quarter, tking the total year to date to over 6,000. However according to the Wall St Journal the actual total this year could hit 10,000….

Read more at http://online.wsj.com/article/SB10001424053111903461304576525530035709442.html?mod=WSJ_business_whatsNews

No comments:

Post a Comment