UBS France

Type
Internal restructuring
Country
France
Region
Location of affected unit(s)
Sector
Financial / Insurance/ Estate
64 - Financial service activities, except insurance and pension funding
64.1 - Monetary intermediation
64.1 - Monetary intermediation
90 - 140 jobs
Number of planned job losses
Job loss
Announcement Date
6 May 2009
Employment effect (start)
Foreseen end date

Description

UBS, a Swiss bank, has announced to cut about 90-140 out of its 650 jobs throughout France. According to the company's spokeperson, offices in Toulouse, Aix, Cannes and Lille are to be closed. The remainder (Paris, Lyon, Marseille, Strasbourg, Bordeaux, Nantes) will keep operating.

Sources

Citation

Eurofound (2009), UBS France, Internal restructuring in France, factsheet number 68898, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68898.