Bulletin: UBS to cut 500 IT jobs

23.06.2011
Banking giant UBS is to cut 500 jobs from its global IT workforce of 8,700.

Some 200 posts will go in Switzerland. 180 in the US and the remainder in the UK and far east, according to reports in the Italian-language paper La Regione Ticino, which UBS has confirmed to Reuters

The investment bank has been in the aftermath of the recession.