DEPARTMENT OF LABOR

Employment and Training Administration

TA-W-91,566

UBS FINANCIAL SERVICES, INC.
GROUP OPERATIONS, ACCOUNT OPENING DIVSION
WEEHAWKEN, NEW JERSEY

Certification Regarding Eligibility
To Apply for Worker Adjustment Assistance

In accordance with Section 223 of the Trade Act of 1974, as
amended ("Act"), 19 U.S.C. § 2273, the Department of Labor
herein presents the results of an investigation regarding
certification of eligibility to apply for worker adjustment
assistance.
The group eligibility requirements for workers of a firm
under Section 222(a) of the Act, 19 U.S.C. § 2272(a), are
satisfied if the following criteria are met:
(1) a significant number or proportion of the
workers in such workers' firm have become totally or
partially separated, or are threatened to become
totally or partially separated;
(2)(B)(i)(I) there has been a shift by the workers'
firm to a foreign country in the production of
articles or supply of services like or directly
competitive with those produced/supplied by the
workers' firm; OR
(II) there has been an acquisition from a
foreign country by the workers' firm of
articles/services that are like or directly
competitive with those produced/supplied by
the workers' firm; AND
(ii) the shift/acquisition must have contributed
importantly to the workers' separation or
threat of separation.

The investigation was initiated in response to a petition
filed on March 9, 2016 by State Workforce Office on behalf of
workers of UBS Financial Services, Inc., Group Operations,
Account Opening Division, Weehawken, New Jersey (UBS Financial
Services, Inc.). The subject firm is involved in supplying
wealth management services. The worker group is engaged in
activities related to the supply of new account maintenance
services.
During the course of the investigation, information was
collected from the workers' firm and the petitioner.
Section 222(a)(1) has been met because a significant
number or proportion of the workers in such workers' firm have
become totally or partially separated, or are threatened to
become totally or partially separated.
Section 222(a)(2)(B) has been met because the workers'
firm has acquired from a foreign country services like or
directly competitive with services supplied by the workers which
contributed importantly to worker group separations at UBS
Financial Services, Inc.
Conclusion
After careful review of the facts obtained in the
investigation, I determine that workers of UBS Financial
Services, Inc., Group Operations, Account Opening Division,
Weehawken, New Jersey, who are engaged in activities related to
the supply of new account maintenance services meet the worker
group certification criteria under Section 222(a) of the Act, 19
U.S.C. § 2272(a). In accordance with Section 223 of the Act, 19
U.S.C. § 2273, I make the following certification:
"All workers of UBS Financial Services, Inc., Group
Operations, Account Opening Division, Weehawken, New
Jersey, who became totally or partially separated from
employment on or after March 8, 2015 through two years from
the date of certification, and all workers in the group
threatened with total or partial separation from employment
on the date of certification through two years from the
date of certification, are eligible to apply for adjustment
assistance under Chapter 2 of Title II of the Trade Act of
1974, as amended."
Signed in Washington, D.C. this 6th day of July 2016.
/s/Jacquelyn R. Mendelsohn
______________________________
JACQUELYN R. MENDELSOHN
Certifying Officer, Office of
Trade Adjustment Assistance