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UBS is poised to outsource thousands of back-office jobs, starting with document printing, as it partners with Chain IQ and SPS. The Uetlihof printing operations are set to cease by the end of 2025, raising concerns over data protection and potential monopolistic pricing in the specialty printing sector. The move signals a broader trend of outsourcing across various banking functions, with implications for the entire Swiss financial landscape.
In October, new rents in Switzerland experienced a monthly decline of 0.3%, while showing a robust annual increase of 3.2%. Notable monthly decreases were observed in Zug (-2.2%), Glarus (-1.3%), and Geneva (-1.0%), whereas Schwyz led with an annual rise of 11.0%. Most cantons reported yearly growth, with Neuchâtel being the only exception.
Rents for new or re-rented apartments in Switzerland saw a monthly decline of 0.3% in October, while maintaining a strong annual increase of 3.2%. Notable monthly decreases were observed in Zug (-2.2%), Glarus (-1.3%), and Geneva (-1.0%), whereas Schwyz (+11.0%) and Zug (+7.4%) led in annual growth.
In October, rents for new or re-rented apartments in Switzerland decreased by 0.3% compared to September, while year-on-year growth remains strong at 3.2%. Zug, Glarus, and Geneva experienced the largest monthly declines, whereas Schwyz, Zug, and Basel-Stadt saw the most significant annual increases. Notably, cities like Lucerne and Basel reported substantial yearly rent hikes of 7.2% and 6.2%, respectively.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
ubs plans major outsourcing of back-office jobs amid printing contract changes
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07:58 27.11.2024
wiss rental market sees monthly decline but strong annual growth
10:01 20.11.2024
Swiss rents decline monthly but rise annually by 3 percent
10:00 20.11.2024
wiss rental prices decline monthly but rise annually in october
09:41 20.11.2024
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