However, around 2,000 jobs in Germany are said to be affected. The Swiss Banking Personnel Association (SBPV) is now seeking clarity on plans in Switzerland.
It is entirely unclear how badly the successful Swiss division and local corporate functions were affected, according to a statement released by SBPV on Thursday. CEO Ulrich Körner described a “strong Swiss bank” as the “core” of the reorganized Credit Suisse Group. The same is true for SBPV: The profitable Swiss business must be strengthened.
The major bank announced in the morning that the restructuring will result in a reduction of 2,700 jobs, or 5 percent of its workforce, during the fourth quarter of 2022. At the end of 2025, the group should still have around 43,000 employees, roughly 9,000 fewer than it currently has.
If Credit Suisse were to be laid off in Switzerland, it would have to take responsibility for the employees in Switzerland, the staff association now demands: “The current and good social plan must be implemented so that business interruptions do as little harm as possible.”
In addition, the “old guard around ex-Chairman Urs Rohner” should take responsibility for “the failed business policy of recent years”: “He put Credit Suisse in this devastating situation and should at least show the courtesy to repay his bonuses,” said SBPV.
(SDA)