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UBS raises salaries for employees

Zurich | | Media Releases Switzerland

UBS will increase the total payroll for its employees in Switzerland, up to and including middle management, by 0.7%.

As of 1 March 2012, UBS will increase its total payroll for employees in Switzerland, up to and including middle management (up to and including those at Associate Director level), by 0.7%. The salary adjustments are based on market, function and individual performance.

This result is the outcome of negotiations between employer and UBS employee delegations.

Salary negotiations concerning all UBS employees in Switzerland who are covered by the Agreement on Conditions of Employment for Bank Staff (ACEBS) are conducted at the end of every year.

UBS AG

UBS news: http://www.ubs.com/global/en/about_ubs/about_us/news.html

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