European Bank Job Cuts Exceed 40,000 as UBS Eliminates 5% of Its Workforce »
UBS AG (UBSN)’s decision to cut 5 percent of its workforce brings to more than 40,000 the number of jobs cut by European banks in the past month as the region’s worsening sovereign debt crisis crimps trading revenue.
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By Tim Spagnola
Recruit Smarter
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