Swiss Bank Ubs Planning to Shed 2,000 Jobs ; Ailing Bank Ubs Is to Cut at Least 2,000 More Jobs After Unveiling Huge Losses for the Final Three Months of 2008.

Summary


Ailing bank UBS is to cut at least 2,000 more jobs after unveiling huge losses for the final three months of 2008.

The Swiss giant's investment banking division, which has already shed 6,100 jobs since October 2007, will feel the brunt of the cuts.

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Swiss Bank Ubs Planning to Shed 2,000 Jobs ; Ailing Bank Ubs Is to Cut at Least 2,000 More Jobs After Unveiling Huge Losses for the Final Three Months of 2008.

UBS wants to reduce its investment banking staff to 15,000 an...

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