The KOF employment indicator stood at 3.9 points in the fourth quarter, the institute announced on Friday. In the previous quarter, was 3.8 points (revised from 5.2 points). It has proved to be robust ...

UBS expects to shed around 3,000 jobs in Switzerland to help it cut $10 billion in costs as it undertakes a sweeping overhaul following its emergency rescue of Credit Suisse earlier this year. The job ...

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UBS Group AG UBS is expected to cut around 3,000 jobs in Switzerland in the upcoming period. It had been planning on workforce reduction at Credit Suisse post its acquisition in order to save costs.

Banking giant UBS said Thursday it plans to fully absorb Credit Suisse's century-old Swiss division and slash thousands of jobs across Switzerland, as it seeks to redress its recently-swallowed rival.

Foreign-born workers dominate in low-wage professions. Swiss nationals, on the other hand, have advanced up the professional ranks. Among teachers and police officers, few non-native workers can be ...