Factbox: Europe Inc cuts jobs as economy sputters
13/10/2022 10:28
Oct 13 (Reuters) - Decades-high inflation and the impact of the Ukraine crisis have
pressured companies across Europe to consider laying off people or put a freeze on hiring.
Following is a list of some of the companies that have announced layoffs to rein in costs:
COMPANIES COMMENTS
Air France France's flagship carrier was in talks to shed nearly 300 ground-staff
AIRF.PA positions through voluntary redundancies, newspaper Le Figaro reported In
June.
BASF BASFn.DE German chemicals maker BASF announced a new savings programme which will
include an undisclosed number of job cuts.
Finnair Finnish airline is in talks to cut up to about 200 jobs globally in a move
FIA1S.HE to restore profitability shattered by the Russian airspace closure.
Getir Turkey's Getir plans to cut 14% of its staff globally due to rising global
inflation and costs, a source with knowledge of the matter told Reuters.
Henkel AG & Co Germany's Henkel, the company behind Schwarzkopf, will cut about 2,000
KGaA HNKG_p.DE positions due to low demand of its shampoos and hair spray, as well as
rising costs and global supply chain issues.
Klarna Swedish Klarna is slashing 10% of its 7,000-strong workforce as a
consequence of a recent steep increase in inflation, fear of a recession
and the war in Ukraine worsening business sentiment.
Monte dei Paschi Italian state-owned bank Monte dei Paschi di Siena agreed in August with
di Siena unions to shed thousands of jobs, as it works towards commitments to cut
BMPS.MI costs. The deal will see 3,500 Monte dei Paschi employees who are within
seven years of their pension age leave by Nov. 30 through a generous early
retirement scheme.
Siemens Gamesa Spanish wind turbine maker Siemens Gamesa plans to cut 2,900 jobs, mostly
SGREN.MC in Europe, as part of a plan to return to profitability.
Stellantis Automaker Stellantis has indefinitely laid off an unspecified number of
STLA.MI employees at its stamping plant in Michigan to mitigate impacts from
various supply chain issues.
Valmet Oyj Valmet said in May it was in negotiations for temporary layoffs of up to
VALMT.HE three months, with about 340 employees part of the talks at its valve
factory in Helsinki due to reduced orders caused by the war in Ukraine and
COVID-19 restrictions in China. urn:newsml:reuters.com:*:nFWN2XF142
Source: Regulatory filings, Reuters stories, company websites
(Compiled by Agata Rybska, Louise Breusch Rasmussen; Editing by Toby Chopra)
((gdansk.newsroom@thomsonreuters.com))