UBS is revamping its IT infrastructure and management by creating a central group of 3,000 specialists, according to press reports in Zurich. The goal of the centralisation, which will take effect in the second quarter, is to trim costs by an estimated Sfr150 million in the first year and Sfr250 million next year. Jobs are expected to be cut in Switzerland as a result.
UBS To Cut Jobs And Costs In IT Infrastructure Reorganisation
UBS is revamping its IT infrastructure and management by creating a central group of 3,000 specialists, according to press reports in Zurich. The goal of the centralisation, which will take effect in the second quarter, is to trim costs by