Mié, Jun 5th 2024
Job advertisements at Swiss banks fell by 3% in May, with Raiffeisen and UBS showing significant declines, while some banks increased their listings.
In May, job advertisements at Switzerland’s ten largest banks saw a slight overall decline, dropping by 3% compared to April to a total of 711 listings. This follows a significant slump in job offers in the spring, the lowest since the announcement of UBS’s takeover of Credit Suisse. The data, analyzed by the job portal Indeed for the news agency AWP, includes only positions based in Switzerland.
Raiffeisen Group and UBS notably reduced their job listings. Raiffeisen’s openings fell by 11% to 179, while UBS, despite a 6% increase to 208 jobs, shows far fewer vacancies compared to previous months when combined with Credit Suisse. This reduction aligns with UBS’s announced job cuts following the acquisition.
Conversely, Zürcher Kantonalbank, Lombard Odier, and Vontobel increased their job advertisements. Vontobel saw a 27% rise, Lombard Odier 24%, and Zürcher Kantonalbank 13%, with many vacancies in the IT sector.
Credit Suisse has ceased posting job offers, directing job seekers to UBS career opportunities instead.
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