UBS to cut 3000 Swiss jobs as it looks at $10b cost savings

UBS to cut 3000 Swiss jobs as it looks at $10b cost savings

FILE PHOTO: The logo of Swiss bank UBS is seen at the company's office at the Bahnhofstrasse in Zurich in this July 1, 2009 file photo. REUTERS/Arnd Wiegmann

UBS Group plans to cut 3,000 jobs in Switzerland in the next couple of years, as it offered the first glimpse of how it plans to achieve more than $10 billion in cost savings after taking over Credit Suisse.