Jobs 4/15/09
A big announcement from UBS:
Atkins Cuts 1,200 Jobs Amid Middle East Cash Squeeze — I always wondered who designed all those buildings in the Middle East. Apparently some of it was Atkins, the UK’s largest engineering-design firm.
Air France-KLM to Cut as Many as 3,000 Jobs by 2011 — Airlines are still hurting.
UBS Says It Plans to Reduce 8,700 Jobs Until 2010 — Big number. No specifics though. Here’s some non-details: UBS CEO Gruebel Sees 2,500 Swiss Jobs Cut, 1,200-1,500 Lay Offs. This article actually provides some meaningful details: UBS to Cut 7,500 More Jobs After Loss, Asset Outflows. I guess it’s safe to say there will be “many” jobs lost at UBS. Whichever number is right, I still doubt this is the final round.
