European Bank Job Losses Top 40K

24 Aug 2011

The number of jobs lost at European banks has topped 40,000 with the announcement that UBS was slashing 3,500 positions, 5% of its workforce.

The number of jobs lost at European banks has topped 40,000 with the announcement that UBS was slashing 3,500 positions, 5% of its workforce. European banks are eliminating positions six times faster this year than their U.S. counterparts, according to Bloomberg figures. Jonathan Evans, chairman of Sammons Associates, ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial