Pros
One of the top paying companies in Switzerland for employment. Title heavy in appearance. Director level has annual guaranteed minimum expense payment.
Cons
Company is involved in the long term process of slowly hollowing itself out. Investment Bank division in highly outsourced with cheap foreign contract staff. On-shored contractors are brought in on a temporary basis, rotated out frequently. Technical roles are typically off-shored (Poland, Singapore) to contract workers. Higher compensated permanent staff are targeted, laid off to facilitate the off-shoring. Technical staff for IB and WM divisions are parked in Corporate Centre division. From my observation, the CC division is structured to run at a loss; this strategy minimizes staff salary increases and bonus payments, as attached to division profitability. For all appearances, the Swiss government looks the other way, facilitating this Bad Actor company.
