The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Financial / Insurance/ Estate Financial service activities, except insurance and pension funding Monetary intermediation 64.1 - Monetary intermediation
1,200 jobs Number of planned job losses
Announcement Date
20 February 2025
Employment effect (start)
20 February 2025
Foreseen end date
31 December 2026
Description
UBS, a Swiss financial services provider, will close its Warsaw office and lay off 1,200 people.
UBS has been laying off employees worldwide since last year. The decision follows the crisis in the shared service centre sector, which is linked to problems in the automotive industry. UBS will lay off its employees from its Warsaw office, around 7% of its total Polish workforce annually between 2025 and 2026 (resulting in around 1,200 redundancies). The existing offices in Kraków and Wrocław will continue to operate. Employees at various positions and levels will be made redundant.
UBS is a Swiss financial company, that provides financial services in more than 50 countries. It is involved in private, investment and institutional banking.
This is the factsheet relative to UBS global restructuring process started in 2023. UBS 2023 - World
Eurofound (2025), UBS, Closure in Poland, factsheet number 202409, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/202409.
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