The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Financial / Insurance/ Estate Financial service activities, except insurance and pension funding Monetary intermediation 64.1 - Monetary intermediation
1,430 jobs Number of planned job losses
Announcement Date
3 May 2025
Employment effect (start)
3 May 2025
Foreseen end date
Description
UBS, a Swiss financial services provider, has announced another round of cuts affecting about 1,430 positions in Europe.
In Poland, the bank will close its Warsaw office and lay off approximately 1,200 employees by the end of 2026, primarily affecting specialists in finance, IT, and operations UBS 2025-PL. The Kraków and Wrocław offices will remain operational, and UBS plans to offer severance packages above legal requirements, as well as outplacement support. However, the absence of formal trade union representation in Poland complicates negotiations.
In Italy, UBS will cut 180 jobs across two units, including 162 roles at UBS Europe SE and 18 at UBS Fiduciaria, focusing the layoffs on group functions and global wealth management UBS 2025-IT.
In France, fewer than 50 jobs will be eliminated in the Paris office across several business lines, including private banking.
The source also reports that about 3,000 positions were cut in Switzerland in January 2025.
The layoffs in all three countries are part of UBS’s broader effort to align business models, streamline operations, and manage costs as it integrates Credit Suisse.
Headquartered in Zurich, UBS operates in over 50 countries and employs over 100,000 people globally.
Previous restructuring event of UBS was recorded in the ERM events databaseUBS 2024-WO
Eurofound (2025), UBS, Internal restructuring in World, factsheet number 202724, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/202724.
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