SIX to cut 150 jobs as franc hits profits – FT.com

Switzerland’s SIX Group, is to cut 150 jobs after it warned that operating profits had been hit in recent months by tough markets and the strength of the Swiss franc.

The operator of the Swiss stock exchange further cautioned that market uncertainty and cost-conscious customers were damping sales expectations for 2012 for all business areas. The measures, which affect almost 4 per cent of its 3,900 strong workforce, are intended to help SIX reduce costs by SFr30m a year.

via SIX to cut 150 jobs as franc hits profits – FT.com.