Swiss govt sees no major impact on labour market from Credit Suisse merger

Swiss govt sees no major impact on labour market from Credit Suisse merger

BERLIN (Reuters) – The Swiss government expects no significant upheaval with regards to the labour market following the integration of Credit Suisse into UBS, Federal Councillor Guy Parmelin said on Thursday.

“Possible redundancies are to be staggered. The labour market impact should therefore remain low, especially as the current labour market situation is generally very good,” Parmelin said in a statement emailed to Reuters.

(Reporting by Noele Illien, Writing by Rachel More, Editing by Friederike Heine)