UBS likely to lay off 200 employees in HK by next Feb
Published: 20 Nov 2008 17:20:00 PSTNov. 20, 2008 (China Knowledge) - UBS AG, a premier global financial services company, will lay off 200 employees in Hong Kong in phases by next February, sources reported, citing an insider with UBS, as saying. The lay-off started since last month, said the insider, without giving which more details. The Switzerland-based bank said in its third quarter report that it planned to slash 3,000 jobs worldwide, and about 400 staff in the Asia-Pacific region are expected to be laid off. Copyright © 2008 www.chinaknowledge.com Send feedback or comments to: news@chinaknowledge.com For more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: To access our page on Bloomberg, type CKFI | 
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