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Swiss govt sees no major impact on labour market from Credit Suisse merger

Published 31/08/2023, 11:17
© Reuters. FILE PHOTO: Logos of Swiss banks Credit Suisse and UBS are seen before a news conference in Zurich Switzerland, August 30, 2023.  REUTERS/Denis Balibouse/File Photo
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© Reuters. FILE PHOTO: Logos of Swiss banks Credit Suisse and UBS are seen before a news conference in Zurich Switzerland, August 30, 2023.  REUTERS/Denis Balibouse/File Photo

BERLIN (Reuters) - The Swiss government expects no significant upheaval with regards to the labour market following the integration of Credit Suisse (SIX:CSGN) into UBS, Federal Councillor Guy Parmelin said on Thursday.

"Possible redundancies are to be staggered. The labour market impact should therefore remain low, especially as the current labour market situation is generally very good," Parmelin said in a statement emailed to Reuters.

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