Factbox: European companies cut jobs as economy sputters

BNP Paribas Bank Polska SA

05/12/2023 14:34

(Adds Alstom, Barclays, Capita, Metro Bank, Continental,
Johnson Matthey, Michelin, Tata Steel, Telefonica)
       Dec 5 (Reuters) - The highest inflation for decades and
the impact of war in Ukraine have forced companies across Europe
into layoffs or hiring freezes.
    Here are some of the companies that have announced cuts
since June:

    AUTOS
* AUTOLIV  ALIVsdb.ST : the Swedish airbag and seatbelt maker
said on June 8 it plans to cut around 8,000 jobs. On Oct. 30 it
decided to lay off 320 employees in France as part of the plan.
* CONTINENTAL  CONG.DE : the automotive parts supplier said in
November it would cut thousands of jobs in its automotive
division worldwide.
* JOHNSON MATTHEY  JMAT.L : the British autocatalyst maker said
on Nov. 22 it would cut about 600 jobs in support functions.
* MICHELIN  MICP.PA : the French tyre maker on Nov. 28 said it
would cease operations at its Karlsruhe, Trier and Homburg sites
in Germany by end-2025, affecting 1,532 jobs.
* STELLANTIS  STLAM.MI : the carmaker said on June 28 it planned
to close its mechanical gearbox plant in Austria, impacting 300
jobs.
* VOLKSWAGEN  VOWG_p.DE : the German automaker said on Oct. 27
it intended to cut 2,000 jobs at its troubled software unit
Cariad.

    FOOD, RETAIL AND CONSUMER GOODS
* ANHEUSER-BUSCH INBEV  ABI.BR : the brewer will lay off
hundreds of corporate staff in the U.S., CNN reported on July
27.
* CARREFOUR  CARR.PA : the French retailer said on June 26 it
could cut up to 979 jobs in France on a voluntary basis.
* ELECTROLUX  ELUXb.ST : the Swedish home appliances maker on
Oct. 27 said actions aimed at stepping-up cost reductions and
simplifying the organisation would affect 3,000 jobs.
* HALEON  HLN.L : the Sensodyne toothpaste-maker is looking to
cut hundreds of jobs in Britain and worldwide, the Guardian
reported on July 13.
* HUSQVARNA  HUSQb.ST : the Swedish garden equipment and tools
maker said on Oct. 20 it would cut about 300 positions, adding
to the 1,000 job reduction plan announced in Oct. 2022.

    INDUSTRIALS AND ENGINEERING
* ALSTOM  ALSO.PA : the French train maker said on Nov. 15 it
aimed to cut about 1,500 staff to help meet its mid-term
targets.
* TATA STEEL  TISC.NS : the Dutch division of the Indian steel
maker said on Nov. 13 it would cut around 800 jobs at its
IJmuiden plant to increase profitability.

    TECH
* IG GROUP  IGG.L : British online trading platform said on Oct.
31 it would cut 10% of its headcount as part of cost-saving
measures.
* NOKIA  NOKIA.HE : the Finnish telecom gear group said on Oct.
19 it would cut up to 14,000 jobs as part of a new cost savings
plan.
* TELEFONICA  TEF.MC : the telecom operator seeks to cut around
5,100 jobs in Spain by 2026, a union spokesperson said on Dec 4.
* VIRGIN MEDIA: the British mobile operator plans to lay off
2,000 employees, the Telegraph reported on July 24.
* VODAFONE  VOD.L : the British telecoms group on June 15 agreed
with unions over 1,003 job cuts in Italy and 11,000 jobs
globally over three years.

    OTHER
* A.P. MOELLER-MAERSK  MAERSKb.CO : the Danish shipping group
said on Nov. 3 it would cut 10,000 jobs as it battles with lower
freight rates and subdued demand.
* AIR LIQUIDE  AIRP.PA : the industrial gases firm on July 5
said it might reduce its French workforce by 430 net positions.
* BARCLAYS  BARC.L : the bank is putting 900 jobs in its British
business at risk of redundancy, employee union Unite said on
Nov. 28.
* BNP PARIBAS BANK POLSKA  BNP1.WA : the Polish bank said on
Oct. 16 it would lay off up to 900 people in 2024-2026.
* CAPITA  CPI.L : the British outsourcing firm said on Nov. 21
it would cut about 900 jobs globally.
* DEUTSCHE BANK  DBKGn.DE : the German bank is drawing up plans
to cut 10% of its 17,000 German retail jobs in the next few
years, a person with knowledge of the matter said on June 23. 
* METRO BANK  MTRO.L : the British lender said on Nov. 30 it
planned to lay off 20% of its headcount as part of a cost
cutting drive.
* NESTE  NESTE.HE : the Finnish oil refiner and biofuel producer
said on Nov. 1 it planned to shed 400 jobs globally to prepare
for increasing competition in renewable fuels.
* LANXESS  LXSG.DE : the speciality chemicals maker said on Oct.
18 it planned to cut 870 jobs worldwide.
* ROLLS-ROYCE  RR.L : the British airplane engine maker said on
Oct. 17 it would cut up to 2,500 jobs as its new CEO seeks to
build a more efficient business.
* UBS  UBSG.S : the biggest Swiss bank said on Aug. 31 it would
axe 3,000 jobs in Switzerland following its takeover of Credit
Suisse.

Source: Regulatory filings, Reuters stories and company websites

 (Compiled by Agata Rybska, Louise Breusch Rasmussen, Boleslaw
Lasocki, Laura Lenkiewicz and Victor Goury-Laffont in Gdansk;
editing by Jason Neely, Mark Potter and Milla Nissi)
 ((agata.rybska@thomsonreuters.com))