Despite at least 3,000 layoffs: UBS and CS are still looking for staff

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Sergio Ermotti (63) only revealed the first secrets about the takeover of Credit Suisse by UBS at the end of August. He also stated that 3,000 people would be laid off. UBS and even Credit Suisse are still looking for staff.

At the beginning of September, UBS’s website listed 132 jobs, while Credit Suisse’s listed 156 jobs. This is shown by an analysis by job portal Indeed. Indeed records job openings posted by banks on Swiss websites on a monthly basis for news agency AWP.

Looking at the previous month, it can be seen that the number of open positions at UBS increased by one fifth. It fell 6 percent at Credit Suisse.

Fewer job offers than in spring

But in the spring, when the takeover of Credit Suisse by UBS had just been announced, UBS was looking for much more staff than it is now. At that time, around 230 positions were advertised. On the Credit Suisse website, the situation is different: the number of advertised positions has actually increased slightly since the spring.

The situation is similar at other large banks in Switzerland: After the summer holidays, they intensified their search for staff again. The number of jobs advertised in the top ten positions increased cumulatively by 2.1 percent. But overall there are about 10 percent fewer job offers than in April and May.

The Raiffeisen Group is currently the group with the most job postings, with 208 job postings. Contrary to the industry trend, there are many more job postings now than in the spring. (SDA/wgr)

Source :Blick