UBS to cut up to 3000 jobs in London

UBS will mattock adult to 3,000 jobs in a London offices, in one of a biggest banking bloodbaths given a fall of Lehman Brothers.

The pierce to separate a Swiss bank’s workforce in London is partial of a tellurian winnow of adult to 10,000 jobs, as UBS dramatically shrinks a uneasy investment bank. The multiplication suffered outrageous waste in a financial predicament and has given been engulfed in scandal, with a biggest brute trade detriment in British history and traders dangling amid a Libor-rigging probe.

The mattock fell fast with a bank immediately confirming 100 UBS staff in London mislaid their jobs on Tuesday. But, on a day complicated with gossip and speculation, sources pronounced job losses

Read full article: http://www.telegraph.co.uk/sport/rugbyunion/international/england/9632716/England-coach-Stuart-Lancaster-names-squad-for-autumn-series-as-Ugo-Monye-and-James-Haskell-make-returns.html

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Source:
http://www.news.ezonearticle.com/2012/10/31/ubs-to-cut-up-to-3000-jobs-in-london/