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UBS is implementing a new monitoring tool to track employee office attendance, requiring staff to be present three days a week. This has raised concerns about potential impacts on bonuses and job security, especially amid anticipated job cuts following the Credit Suisse takeover. Employees report difficulties in securing workspaces and express uncertainty regarding compliance with the new attendance targets.
Canton Valais led the relocation of companies within Switzerland last year, with a net gain of 88 businesses, while Zurich and Vaud experienced significant losses of 133 and 87 companies, respectively. A total of 37,816 companies changed their domicile, with most remaining within their cantons.
Swiss banks are significantly reducing their hiring, with job openings dropping to 550 by the end of April, a 25% decrease from April 2024 and a 40% decline since spring 2023. UBS, Raiffeisen, and Julius Bär are among the institutions experiencing notable contractions, while Lombard Odier and Vontobel are exceptions.
Swiss banks are significantly reducing their hiring, with job vacancies dropping to 550 by the end of April, a 25% decrease from the same month in 2024 and a 40% decline compared to spring 2023. UBS has seen a 23% contraction, while including Credit Suisse's previous listings raises this to 36%. Other institutions like Raiffeisen, Julius Bär, and Zurich Cantonal Bank also report declines, with only Lombard Odier and Vontobel showing an increase in vacancies.
UBS has implemented stricter office presence rules, requiring employees to work in the office at least three days a week, including one Monday or Friday. A new dashboard tracks attendance, causing concern among staff about potential impacts on bonus payments, although UBS asserts that office presence does not directly affect bonuses. Employees express frustration over the regulations, citing difficulties in team collaboration and commuting challenges.
UBS has implemented a new monitoring system to track employee attendance in the office, requiring staff to be present at least three days a week. While the bank claims this initiative aims to enhance collaboration, many employees are concerned about potential impacts on their bonuses. This move reflects a broader trend among companies tightening home office policies amid ongoing debates about remote work.
UBS has mandated that employees work in the office at least three days a week, with at least one of those days being a Monday or Friday. Attendance is monitored through access badges, raising concerns among staff that non-compliance could negatively impact bonuses, despite the bank's assurances of fair remuneration. Employees also report difficulties finding workspace in the office, complicating collaboration efforts.
Ecommerce roll-up firms in Southeast Asia are adapting to the challenges posed by steep US tariff hikes on Chinese imports, shifting into survival mode without panic. Strategies include sunsetting underperforming brands, raising prices, and engaging dropshippers to navigate the tariff shock.In a related spotlight, Anna Vanessa Haotanto, founder of Zora Health, emphasizes the need for better treatment of female politicians in Singapore, criticizing the superficial judgments they face based on appearance, which detracts from their capabilities and contributions.
Starbase, the area in Cameron County, Texas, where SpaceX operates, has officially become a city following a vote by eligible residents, primarily SpaceX employees. With 212 votes in favor and only six against, the new municipality will be governed by a mayor and two commissioners, all with SpaceX ties. The city, covering about 1.6 square miles, will have the authority to impose a property tax and may gain powers to manage local highway access during rocket launches, a move opposed by county officials.
UBS has implemented stricter home office requirements, mandating employees to work in the office at least three days a week, including a mandatory Monday or Friday. A digital dashboard monitors compliance, raising concerns among staff about potential impacts on bonus payments, which the bank denies. Despite being more flexible than competitors like JPMorgan and Goldman Sachs, the new policy has led to internal tensions, partly due to space limitations at various locations. UBS shares rose 0.43% to CHF 25.40.
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ubs implements strict office attendance monitoring amid job cut concerns
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