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 Financial service activities, except insurance and pension funding 64 - Financial service activities, except insurance and pension funding
180 jobs Number of planned job losses
Announcement Date
1 April 2025
Employment effect (start)
1 April 2025
Foreseen end date
Description
UBS, a Swiss bank, will reduce its Italian workforce by 180 employees.
The job cuts affect two primary units: 18 positions will be eliminated at UBS Fiduciaria, the asset custody services company that merged with Credit Suisse Servizi Fiduciari, while 162 roles will be cut from UBS Europe SE's Italian operations, which currently employs 568 people.
The restructuring targets group functions and global wealth management areas while preserving corporate advisory, front office positions, and investment banking operations. The bank has characterized these changes as "business model alignment and operational harmonization" while affirming that Italy remains strategically important for the group's growth plans.
Eurofound (2025), UBS, Internal restructuring in Italy, factsheet number 202576, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/202576.
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