Factbox: European companies cut jobs

Telefonaktiebolaget LM Ericsson

25/02/2026 12:50

Feb 25 (Reuters) - Several European companies are cutting jobs, with reasons ranging from U.S. tariffs and weak demand to the artificial intelligence shift.

Here are some of the announcements made so far in 2026:

SECTOR
COMPANY
JOB CUTS
% OF WORKFORCE
DATE
DETAILS
Consumer goods
Heineken HEIN.AS
6,000
around 6.9%
February 11
Jobs to be cut globally over next two years as strained consumer finances, bad weather and geopolitical tensions take their toll
Consumer goods
SEB SEBF.PA
up to 2,100
around 6.6%
February 25
Cuts are part of restructuring plan aimed at saving 200 million euros ($235 million) by end-2027
Semiconductors
AMS Osram AMS2.VI
around 2,000
around 10.5%
February 10
Jobs to be cut under cost-cutting plan, roughly half of cuts expected in Europe
Semiconductors
ASML ASML.AS
1,700
3.8%
January 28
Part of a broader plan to shed 3,000 management posts and hire engineers to focus on innovation
Shipping
DB Cargo
6,000
around 43%
February 19
Jobs to be cut by 2030 as part of restructuring aimed at returning to profit
Telecommunications
Ericsson ERICb.ST
1,600
1.8%
January 15
Cuts in Sweden mark continuation of headcount reduction over past three years in an effort to maintain profitability

Sources: Regulatory filings, Reuters reporting and company websites

($1 = 0.8494 euros)

(Compiled by Boleslaw Lasocki, Bernadette Hogg and Mireia Merino in Gdansk; Edited by Milla Nissi-Prussak)

((boleslaw.lasocki@thomsonreuters.com))