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Swiss Bank Employees Association

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Credit Suisse job cuts under scrutiny in Swiss parliament emergency session.
business3 years ago

Credit Suisse job cuts under scrutiny in Swiss parliament emergency session.

The Swiss Bank Employees' Association has called on Credit Suisse and UBS to freeze any job cuts planned as part of their emergency merger, in an open letter to the country's parliament. The association has demanded that lawmakers consider staff affected by the collapse of Credit Suisse and halt any job losses until the end of 2023. The Swiss parliament is due to meet in extraordinary session on Tuesday to discuss the state-sponsored rescue of Credit Suisse which took place last month.

Credit Suisse faces pressure over job cuts and rescue efforts.
business3 years ago

Credit Suisse faces pressure over job cuts and rescue efforts.

The Swiss Bank Employees' Association (SBPV) has called on the country's parliament to freeze any job cuts planned as part of the emergency merger between Credit Suisse and UBS until the end of 2023. SBPV managing director Natalia Ferrara has written an open letter to lawmakers to consider staff affected by the collapse of Credit Suisse and halt any job losses. The Swiss parliament is due to meet in an extraordinary session on Tuesday to discuss the state-sponsored rescue of Credit Suisse which took place last month.