UBS, the biggest bank in Switzerland, has expressed interest in acquiring struggling rival Credit Suisse for a billion dollars.

The Swiss bank employees’ union demands participation of the social partners in the Credit Suisse talks, as the stakes for employment are “enormous”. Aseb (Association suisse des employés de banque) “demands the immediate deployment of a task force”, a team that focuses on the “jobs” that are “at risk”, the union says in a press release.

“No decision should be taken before the social partners are involved” in the talks, Aseb added. “What is happening is huge for the approximately 17,000 employees of Credit Suisse in Switzerland,” the union emphasizes.