UBS sees around 3,000 redundancies integrating Credit Suisse in Switzerland - CEO

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August 31, 20237:02 AM UTCUpdated ago

Logo of Swiss bank UBS is seen in Zurich

The logo of Swiss bank UBS is seen at an office building in Zurich, Switzerland October 25, 2022. REUTERS/Arnd Wiegmann/File Photo Acquire Licensing Rights

ZURICH, Aug 31 (Reuters) - UBS (UBSG.S) expects around 1,000 jobs to go from integrating Credit Suisse's Swiss business, Credit Suisse (Schweiz), and an additional 2,000 redundancies in Switzerland over the next couple years, Chief Executive Sergio Ermotti said on Thursday.

Reporting by Brenna Hughes Neghaiwi; editing by Rachel More

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