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Will be painful: UBS on job cuts after Credit Suisse takeover
short by Aishwarya Awasthi / on Friday, 2 June, 2023
UBS CEO Sergio Ermotti has warned of decisions about job cuts following the takeover of Credit Suisse. "We won't be able to create, short term, job opportunities for everybody...We need to take a serious look at the cost base of the standalone and combined organisations and create a sustainable outcome...It will be painful," he said.
read more at Reuters