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Group results
Personnel
| Spreadsheets |
The number of people employed at UBS was 81,452 on 30 June 2008, down by 2,387, or 3%, compared with the end of first quarter 2008 and down 105 from the end of second quarter 2007.
In Global Wealth Management & Business Banking, staff levels decreased by 750 to 50,839 over the second quarter, with reductions spread across most functional areas, mainly in non-client facing units.
In the same period, Global Asset Management reduced staff levels by 40 to 3,861 mainly in logistics.
In comparison with 31 March 2008, staff levels on 30 June 2008 decreased by 1,695, or 8%, in the Investment Bank in line with the announced plans to reduce staff levels.
Staff levels at Corporate Center increased by 98 to 7,277 from first quarter 2008, mainly due to a higher number of employees in offshoring functions in India and Poland.
Personnel 1 | |||||
As of | % change from | ||||
Full-time equivalents (FTE) | 30.6.08 | 31.3.08 | 30.6.07 | 31.3.08 | 30.6.07 |
Switzerland | 27,516 | 27,946 | 27,318 | (2) | 1 |
UK | 8,003 | 8,484 | 8,647 | (6) | (7) |
Rest of Europe | 4,962 | 5,049 | 4,584 | (2) | 8 |
Middle East / Africa | 130 | 142 | 121 | (8) | 7 |
USA | 28,356 | 29,666 | 30,053 | (4) | (6) |
Rest of Americas | 2,073 | 2,100 | 1,880 | (1) | 10 |
Asia Pacific | 10,413 | 10,452 | 8,954 | 0 | 16 |
Total | 81,452 | 83,839 | 81,557 | (3) | 0 |
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