Job cuts following Vontobel acquisition of Notenstein La Roche

The Swiss Bank Employees’ Association (SBPV) has confirmed in a statement that about 50 people will be laid off in connection with the sale of Raiffeisen Switzerland private bank, Notenstein La Roche to Vontobel.

SBPV and the Personnel Commission of Raiffeisen Switzerland have negotiated a social plan for employees in the context of the social partnership relationship with Raiffeisen Switzerland and Arizon Sourcing AG, who are affected by the job cuts.

The negotiated social plan offers all concerned a fair solution. The affected workforce took note of the content of the social plan and unanimously approved it at a meeting.

Ridhima Sharma
Ridhima Sharma speaks German and is DACH Correspondent for InvestmentEurope. She has more than 8 years of experience in the media industry. Before joining us, she was working in India and covering automotive and lifestyle sectors. Over the years many of her stories have been published in various magazines across India.

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