Redundancy
Nordea takeover puts 200 jobs at risk
Only 150 of Nordea's 350 private bank staff in Luxembourg expected to transfer to UBS
Around 200 jobs are at risk at Nordea's private banking unit in Luxembourg following its takeover by Swiss bank UBS, sources told the Luxembourg Times.
Staff have been told 50% or more of the Swedish bank's 350 employees in Luxembourg face redundancy, as only around 150 staff will transfer to UBS, the sources said.
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