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  #21  
Old 24.07.2008, 15:02
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Re: Immigration/Swiss authorities will remove swiss Bank foreign employees

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Use your brains for a minute please.
With all due respect,
I use my brains for more than 1 minute, usually.
This final sentence dilutes your wise explanation earlier on...

It may sound far-fetched to some people (eg: you), but if this directly influences your family and your stay in CH, I certainly will not write such hard sentences to someone (eg: me) who is obviously worried about this minute possibility.

Use your brain....maybe for 2 minutes?

HAT

PS: Famous last words " it will never happen to me..."

Last edited by HAT; 24.07.2008 at 15:04. Reason: PS
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  #22  
Old 24.07.2008, 16:05
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Re: Immigration/Swiss authorities will remove swiss Bank foreign employees

Just checked with friends within UBS ,no one is aware of this.
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  #23  
Old 24.07.2008, 16:21
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Re: Immigration/Swiss authorities will remove swiss Bank foreign employees

EF is a perfect ground to spread such rumours, ain't it?
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  #24  
Old 24.07.2008, 16:26
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Re: Immigration/Swiss authorities will remove swiss Bank foreign employees

Since I find the OP quite annoying - I am ok if the authorities remove him.



You will respect my Authoritah! comes to mind.



And since I am EU w/ B-Permit, I don't care about the rumor oops "fact."

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  #25  
Old 24.07.2008, 16:30
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Re: Immigration/Swiss authorities will remove swiss Bank foreign employees

To spoil the party if such law is put into action its going to effect both EU and non EU.Non EU employment is switzerland is not higher than EU :-(
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  #26  
Old 24.07.2008, 16:33
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Re: Immigration/Swiss authorities will remove swiss Bank foreign employees

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Non EU employment is switzerland is not higher than EU :-(
Huh? Come again? All your base are belong to us?
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  #27  
Old 24.07.2008, 17:00
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Re: Immigration/Swiss authorities will remove swiss Bank foreign employees

Strict federal immigration regulations apply, with annual quotas and a strong bias in favor of European immigrants, who constitute almost 90% of the foreign population
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  #28  
Old 24.07.2008, 18:23
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Re: Immigration/Swiss authorities will remove swiss Bank foreign employees

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Just checked with friends within UBS ,no one is aware of this.
I've just checked with someone with a team in London as well as a team in Zurich reporting to her - not heard of it either.

I'm going to have to put out tonight to repay that favour
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  #29  
Old 24.07.2008, 18:35
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Re: Immigration/Swiss authorities will remove swiss Bank foreign employees

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With all due respect,
I use my brains for more than 1 minute, usually.
Ok I will try again. If the Swiss government is remotely bothered about the UBS shareholder value, it is very unlikely that they will act unilaterally on a plan of their own device without consulting with UBS.

Reducing headcount indiscriminately by means of permit reduction (even if it were a measure targeted exclusively to UBS) will actually destroy shareholder value rather than create any as the bank has no say in who gets to stay and who gets the axe. If you're mechanically inclined at all, try to imagine fixing a sputtering engine by removing random parts of it. I doubt the Swiss government is that bold or that reckless.
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  #30  
Old 24.07.2008, 19:06
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Re: Immigration/Swiss authorities will remove swiss Bank foreign employees

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Ok I will try again. If the Swiss government is remotely bothered about the UBS shareholder value, it is very unlikely that they will act unilaterally on a plan of their own device without consulting with UBS.

Reducing headcount indiscriminately by means of permit reduction (even if it were a measure targeted exclusively to UBS) will actually destroy shareholder value rather than create any as the bank has no say in who gets to stay and who gets the axe. If you're mechanically inclined at all, try to imagine fixing a sputtering engine by removing random parts of it. I doubt the Swiss government is that bold or that reckless.

Thank you for replying with sense, and not injecting mindless digs at me personally.

I also said the same thing to my colleagues who received this news, but I am the only foreigner in this team, so maybe they are talking about me.

As I mentioned again, this is quite a sensitive issue to me right now, and anyone who has any common sense about this, should please refrain from posting sarcastic digs at me. Thank you, really.

If this happened to you, I would not say such things.

HAT
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  #31  
Old 24.07.2008, 19:08
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Re: Immigration/Swiss authorities will remove swiss Bank foreign employees

John - thanks for the bold letters. I still don't get it.

Time for a bier.
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  #32  
Old 24.07.2008, 19:23
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Re: Immigration/Swiss authorities will remove swiss Bank foreign employees

As far I I or anyone else I work with at UBS theres been no such announcement of imminent headcount reductions??

And I've always wondered why so many of us foreigners have so many of the good jobs here , where are the swiss, how come they havent stepped up to the plate and grabbed these well paying positions out of our hands.?

Assuming that fairly reasonable people are involved in the hiring process. You have to come to the obvious conclusion that they are simply not finding the necessary skillsets locally and are staffing their teams with the people most qualified. Albeit foreigners.

Now why on earth would they compromise the efficiency of the various enterprises with an off the cuff mandate thats the equivalent of shooting themselves in the foot. ?

I think its highly unlikely .

3day

o come to the conclusion that So given the basic assumption that they dont have it in them, or that we simply
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  #33  
Old 24.07.2008, 21:35
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Re: Immigration/Swiss authorities will remove swiss Bank foreign employees

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If this info is true, isn’t that illegal and against human right laws and EU law. Oh wait a minute; Switzerland is not part of the EU.

Effecting the new immigration law will not be a good move for the Swiss, they will also loose as well, think about all the taxes that will be lost, the skills, all aspect of the Swiss economy will be affected. I am sure this is a wind up. Let's wait and see.
Collect taxes from foreigners to pay unemployment benefits to the locals?
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  #34  
Old 25.07.2008, 09:53
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Re: Immigration/Swiss authorities will remove swiss Bank foreign employees

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I've just checked with someone with a team in London as well as a team in Zurich reporting to her - not heard of it either.

I'm going to have to put out tonight to repay that favour
I just checked with UBS manager of many NT server personnel 90% of whom are bally foreigners.... he's not heard a dickybird.
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  #35  
Old 25.07.2008, 11:23
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Re: Immigration/Swiss authorities will remove swiss Bank foreign employees

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I just checked with UBS manager of many NT server personnel 90% of whom are bally foreigners.... he's not heard a dickybird.
Update from the horse's mouth:

It is now become a "play with words".

When I asked my line manager today, about this "official word from HR" which he said during the team meeting, he changed it to "it was only a rumour".

Ok, I think I should start searching for a new job...

HAT
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  #36  
Old 21.02.2011, 07:06
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Re: Immigration/Swiss authorities will remove swiss Bank foreign employees

Unless of course you have a good position in the military- I'm sure that still goes down well on a bank career CV/resume.
Otherwise, when you hear rumours that are not set in stone- then smile and avoid those who spread rumours.
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  #37  
Old 21.02.2011, 07:23
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Re: Immigration/Swiss authorities will remove swiss Bank foreign employees

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Unless of course you have a good position in the military- I'm sure that still goes down well on a bank career CV/resume.
Otherwise, when you hear rumours that are not set in stone- then smile and avoid those who spread rumours.
Who knows, Hoppy?!?!? ... things might have changed in the intervening three years...

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  #38  
Old 21.02.2011, 07:35
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Re: Immigration/Swiss authorities will remove swiss Bank foreign employees

No the Necromancer look does not fit well with the UBS dress guidelines, although I dare say that Goth is till 'in' in some parts of Switzerland. Touches of military look would probably be OK as long as you were wearing a Swiss watch. Here are the guidelines outlined in WSJ. So here's a tip- if you are a bank employee, better check the list below just to make sure that you are on conforming to Swiss guidelines!

This may be the 10% of foriegners who don't understand the swiss dress code that they wish to axe? How did they already assess that it would be 10%?

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He said the dress code may be rolled out in all UBS's branches in Switzerland if the test proves successful. "Even so, only around 1,500 [employees] would be affected, less than 10% of our staff in Switzerland," Mr. Fontannaz added.
http://online.wsj.com/article/SB1000...googlenews_wsj
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  #39  
Old 21.02.2011, 08:04
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Re: Immigration/Swiss authorities will remove swiss Bank foreign employees

A vain attempt to make the resurrection of the thread relevant.

Fail!
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  #40  
Old 21.02.2011, 14:08
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Re: Immigration/Swiss authorities will remove swiss Bank foreign employees

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A vain attempt to make the resurrection of the thread relevant.

Fail!
Schucks! Necromancer is a horrible word!
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