Takeover
Trade union warns of Nordea job losses
UBS to buy Nordea's Luxembourg-based private bank, which employs 350
A "fair number" of jobs are at risk at Nordea's Luxembourg-based private bank following its acquisition by Swiss bank UBS, a trade union has warned.
Luxembourg's largest trade union, OGBL, said 350 people would be affected by the sale of the private bank and its back-office activities.
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