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Individual salary increases at UBS
As of 1 March 2003, UBS will increase the total payroll for its employees and middle management staff working in Switzerland by 0.9%.
The UBS employer representatives and the Employee Representation Committee have reached the following agreement:
UBS will make available 0.9% of the corresponding total payroll for individual, performance and function-related salary increases on the Swiss market for employees and middle management staff. As in previous years, the adjustments come into effect on 1 March.
All UBS employees and middle management staff whose performance has fully met the set objectives are in addition eligible for inclusion in the performance and results-related bonus process.
Zurich / Basel, 31 October 2002