UBS Employment Risks Cited In Switzerland
An estimated 10,000 Swiss jobs could be at risk if the major bank UBS moves its headquarters abroad. UBS currently employs approximately 33,000 people in Switzerland. The bank has not commented on specific personnel matters. However, UBS recently commissioned a study to investigate the economic consequences of the so-called Lex-UBS. BAK Economics Chief Economist Claude Maurer confirmed the risk of job cuts is real due to regulatory costs, though specific numbers were not the focus of his study.
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Sources · 7 independent
SRF 1 Switzerland
“im Extremfall, nämlich dann, wenn die Großbank ihren Hauptsitz ins Ausland verlegen sollte, seien schätzungsweise 10.000 Schweizer Arbeitsplätze in Gefahr”
SRF 4 News
“Chefökonom Claude Maurer von BAK Economics bestätigt, das Risiko von zu sichem Stellenabbau sei real.”
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