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13 articles
The City of Zurich recorded 8,225 unemployed people in September, while the number of registered job seekers rose by 11% year-on-year. Foreign nationals and men experienced the sharpest increases.
The bank's costly senior private bankers over 50, who manage client books worth CHF 1 billion to 2 billion, are particularly at risk apparently.
The agency says its long-standing client relationship will continue, but with less work. Wirz has not disclosed how many employees will be affected.
In insurance, banking and financial services, and information and communications, AI could add between 1.7% and 1.8% points to annual productivity growth.
Group CEO Andrej Majcen has publicly framed the restructuring as "an offensive play rather than a defensive one."
Did Managing Director Florian Maurer accelerate the India/overseas outsourcing shortly before his own departure?
Sunrise cut 147 jobs already earlier this year.
PwC's Swiss bonus cuts follow similar cost-cutting moves across the Big Four and major consultancies over the past year.
Crucially, Lindt explicitly stated that no operational layoffs are currently planned.
For the UBS staff whose data was exposed, the incident compounds an already difficult situation.
The company is using natural attrition to keep job losses "as low as possible," filling internal-service vacancies "very selectively" since the start of the year.
The potential job reductions could take place at Zurich’s headquarters on Mythenquai in Zurich.
Despite Raiffeisen attracting CHF 3.3 billion in net new money into investment, the bank is making 180 positions redundant.
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