Criticism of UBS in CS takeover: staff association demands equal treatment of all employees

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Following the official takeover of Credit Suisse by UBS on Monday, the Bank Staff Association (SBPV) also spoke. Among other things, the association demands that as many jobs as possible be kept in Switzerland, equal treatment of all employees of the new big bank and a common social plan.

Qualified and motivated employees are the key requirement for successful integration, SBPV announced on Monday. Given the “enormous effects” on staff and the Swiss financial centre, previous communication was inadequate. “Employees have been living in uncertainty about their professional futures for 85 days,” the communique said.

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The association therefore makes several demands: the top priority is to protect as many jobs as possible in Switzerland. Furthermore, a freeze of layoffs should apply in Switzerland unless the integration process and certain personnel decisions are clarified. It is also important that the 17,000 employees at Credit Suisse and the 21,000 employees at UBS are treated equally.

In addition, a common social plan of “at least” five years is needed. The association also favors stronger protection against dismissal for employees aged 55 and over. (SDA/koh)

Source :Blick