Factbox: European companies cut jobs as economy sputters
2023-05-05
May 5 (Reuters) - Decades-high inflation and the impact of war in Ukraine have forced companies across Europe into lay-offs or hiring freezes.
Here are some of the companies that have announced cuts since January:
* STELLANTIS : the carmaker agreed with unions in February to cut up to 2,000 workers from its Italian operations through voluntary redundancies.
* VOLVO (VOLVb.ST): the Swedish group said in March it would restructure its European bus-making operation, leading to a reduction of 1,600 jobs.
* VOLVO CARS (VOLCARb.ST). the automaker on May 4 announced 1,300 additional layoffs in Sweden, 6% of the company's workforce in its homecountry.
* DELIVEROO (ROO.L): the British meal delivery company said on Feb. 9 it would cut around 9% of its workforce, or 350 roles.
* SAINSBURY'S (SBRY.L): the British supermarket group plans to consolidate five existing Sainsbury's and Argos general merchandise depots into three, closing two by 2026, in a move that will impact 1,400 workers, it said on Feb. 28.
* ZALANDO (ZALG.DE): the German online fashion retailer said on Feb. 21 it would cut hundreds of jobs across the company, citing over-expansion in some areas and a more difficult economic environment.
* FIELMANN (FIEG.DE): the German glasses retailer said on March 3 it would slash hundreds of jobs by 2025.
* BRITISH STEEL: the Chinese-owned company said on Feb. 22 it could cut up to 260 jobs after announcing the planned closure of its coke ovens in northern England.
* KONE (KNEBV.HE): the Finnish elevator maker said on Jan. 26 it would reduce headcount by 1,000, including 150 in Finland.
* ERICSSON (ERICb.ST): the telecom equipment maker will lay off 8,500 employees globally as part of its plan to cut costs, a memo seen by Reuters said.
* LOGITECH (LOGN.S): the maker of keyboards, webcams and other computer accessories is laying off about 300 people in a global reorganization, Bloomberg News reported on March 22.
* NOKIA (NOKIA.HE): the Finnish telecom equipment maker said on May 3 it plans to cut up to 208 jobs in Finland.
* PHILIPS (PHG.AS): the Dutch medical equipment maker on Jan. 30 said it would cut 6,000 jobs to counter falling sales and after a massive recall of its respiratory machines.
* SAP (SAPG.DE): the German software company said on Jan. 26 it planned to shed 3,000 jobs, 2.5% of its global workforce, to cut costs and focus on its cloud business.
* TELECOM ITALIA (TLIT.MI): the group is seeking to cut as many as 2,000 jobs in Italy through a voluntary early retirement scheme, sources told Reuters in March.
* VODAFONE (VOD.L): the British telecoms giant said on March 13 it plans to shed 1,000 jobs in Italy - almost a fifth of its total workforce in the country. On March 29 the company's regional boss told German newspaper Handelsblatt Vodafone wants to cut around 1,300 full-time jobs in Germany.
* BASF (BASFn.DE): the German chemicals maker said on Feb. 24 it would cut 2,600 jobs to improve competitiveness as it warned of a further decline in earnings due to rising costs.
* DEUTSCHE BANK (DBKGn.DE): Germany's largest bank said on April 27 it would cut 800 jobs in an effort to reduce costs by an additional 500 million euros over the next few years.
* EVONIK (EVKn.DE): the German specialty chemicals producer said on April 3 it would cut 200 jobs as part of restructuring of its pet food unit.
* GRIFOLS (GRLS.MC): the Spanish pharmaceutical firm said on Feb. 15 it would lay off around 2,300 employees, or 8.5% of its global workforce, amid a strategy overhaul aimed at reaching annual savings of around 400 million euros.
* TAYLOR WIMPEY (TW.L): the British housebuilder said on Jan. 13 it was considering job cuts to keep a lid on costs, but did not specify the number of potential job cuts.
Source: Regulatory filings, Reuters stories and company websites
($1 = 10.4142 Swedish crowns; $1 = 0.9222 euros)
Our Standards: The Thomson Reuters Trust Principles.
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来源: Reuters
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