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..."

Just checked with friends within UBS ,no one is aware of this.

EF is a perfect ground to spread such rumours, ain't it?

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."

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 :-(

Huh? Come again? All your base are belong to us?

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

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

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.

__________________
The opinions expressed above are not necessarily the opinions of management and in fact may be the opposite of that intended in order to confuse and obfuscate trolling readers.

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

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

Time for a bier.

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

Collect taxes from foreigners to pay unemployment benefits to the locals?

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

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...

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%?

http://online.wsj.com/article/SB1000...googlenews_wsj

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

Fail!

Schucks! Necromancer is a horrible word!