17 febbraio 2025|
AI
|10 months agoUBS Creates Two-Tier Benefits System Post-Credit Suisse Merger
Former Credit Suisse employees retain exclusive sabbatical rights, highlighting ongoing integration challenges two years after merger
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Generated IllustrationKey Takeaways
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- Former Credit Suisse employees in the UK retain the right to a three-month paid sabbatical, a perk denied to their UBS counterparts.
- The sabbatical scheme allows for leave every five years with a tiered pay structure.
- UBS is targeting a total workforce reduction to 85,000 employees by 2026.
- Since the 2023 takeover, UBS has already cut 10,000 roles.
By The Numbers
3 months
Maximum duration of paid sabbatical
109,000
UBS workforce size
85,000
Target workforce size
100%
Salary coverage in first month of sabbatical
They Said
"While the UBS and former [Credit Suisse] employee benefit packages vary in certain aspects, both are attractive and competitive with market terms."
"Worried about 'cultural contamination'"
1
A Tale of Two Banks
2
The Golden Handcuffs
3
Integration or Alienation?
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