02:12 PM EDT, 04/01/2025 (MT Newswires) -- (Updates with the company's response in the second paragraph.)

UBS Group ( UBS ) told Italian unions that it plans to cut 180 jobs, or a third of the total in the country, Reuters reported, citing documents.

A UBS spokesperson confirmed the job cuts to MT Newswires, but did not give details on the number of roles slashed.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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