Tag Archives: Job cuts at Swiss banks

[unable to retrieve full-text content]Banks in Switzerland reduced their domestic workforce by 4.1 percent in the first half as companies combined and made cost cuts to stem declining profitability, a survey by the nation’s main bank association showed.

Investec Switzerland. Banks in Switzerland reduced their domestic workforce by 4.1 percent in the first half as companies combined and made cost cuts to stem declining profitability, a survey by the nation’s main bank association showed. © Yudesign | Dreamstime.com The loss totals 3,454 jobs, the Swiss Bankers Association said in its annual industry report on Thursday. The number of workers fell by 1 percent to 103,041 in 2015.“The continued low interest rate environment and...