European companies cut jobs as economy sputters
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[September 13, 2023] (Reuters)
- The highest inflation for decades and the fallout from war in Ukraine
have forced companies across Europe into layoffs or hiring freezes.
Here are some of the companies that have announced cuts since April:
AUTOS
* AUTOLIV: the Swedish airbag and seatbelt maker said on June 8 it plans
to cut around 8,000 jobs.
* CONTINENTAL: the automotive parts supplier plans to phase out business
activities at its Gifhorn plant by the end of 2027, initially affecting
450 out of 900 jobs at the site, it said in May.
* STELLANTIS: the carmaker said on June 28 it plans to close its
mechanical gearbox plant in Austria, impacting 300 jobs.
* VOLVO CAR: the automaker on May 4 announced 1,300 additional layoffs
in Sweden, 6% of its workforce in the country.
FOOD, RETAIL AND CONSUMER GOODS
* ANHEUSER-BUSCH INBEV: the Dutch brewer will lay off hundreds of
corporate staff in the U.S., CNN reported on July 27.
* CARREFOUR: the French retailer said on June 26 it could cut up to 979
jobs in France on voluntary basis.
![](http://archives.lincolndailynews.com/2015/May/02/images/ads/current/guzzardo_lda022609.png)
* HALEON: the Sensodyne toothpaste-maker is looking to cut hundreds of
jobs in Britain and worldwide, the Guardian reported on July 13.
* FISKARS: the Finnish gardening tools maker said on Sept. 13 it plans a
reduction of some 400 jobs in a move to simplify its organiSational
structure.
* WILCO: administrators of British homeware and household goods discount
retailer plan to lay off over 1,300 people at the collapsed chain, PwC
said on Sept 5.
INDUSTRIALS AND ENGINEERING
* MARSHALLS: the British building and roofing products supplier said on
July 31 it plans to cut 250 jobs.
* NOLATO: the Swedish manufacturer of polymer product systems said in
August it would lay off up to 500 employees in China.
* SSAB: the Swedish steel maker said on Aug. 11 it would furlough
workers at two plants in Finland. Negotiations with unions covered about
800 employees and the exact number of layoffs will depend on demand and
local circumstances, it said.
* VARTA: the German battery maker said on June 30 it would cut 88 jobs
through a volunteer programme.
TECH
* BT: Britain's biggest broadband provider said in May it would reduce
its total workforce by up to 55,000 jobs by 2030.
* DORMAKABA: the Swiss security group said on July 3 it expects to
reduce its full-time equivalent positions by around 800.
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![](../images/091323PIX/busine81.jpg)
A worker checks beer quality at Anheuser-Busch InBev brewery in
Leuven, Belgium November 25, 2019. Picture taken November 25, 2019.
REUTERS/Francois Lenoir/File Photo
![](http://archives.lincolndailynews.com/2023/Sep/13/images/ads/current/debbiesflora_lda_081123.png)
* NOKIA: the Finnish telecom equipment maker said on May 3 it plans
to cut up to 208 jobs in Finland.
* VIRGIN MEDIA: the British mobile operator is planning to lay off
2,000 employees, the Telegraph reported on July 24.
* VODAFONE: the British telecoms group on June 15 reached an
agreement with unions over 1,003 job cuts in Italy and 11,000 jobs
globally over three years.
OTHER
* AIR LIQUIDE: the industrial gases firm on July 5 said it might
reduce its French workforce by 430 net positions.
* DEUTSCHE BANK: 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. The bank had in April said
it would cut 800 jobs over the next few years.
* EVONIK: the speciality chemicals producer said on April 3 it would
cut 200 jobs.
* KOJAMO: the Finnish real estate firm in August launched a savings
plan that will lead to temporary lay-offs of up to 70 employees and
termination of employment of up to 20 people.
* PROSIEBENSAT: the German media group said on July 18 it would cut
400 full-time jobs.
* STANDARD CHARTERED: the British bank is laying off employees in
its London, Singapore and Hong Kong offices and the total reduction
could be more than 100 positions, Bloomberg News reported on June 7.
* STORA ENSO: the Finnish forestry firm said on June 15 it will cut
1,150 jobs.
* UBS: the biggest Swiss bank said on Aug. 31 it would axe 3,000
jobs in Switzerland following its takeover of Credit Suisse.
* UPM-KYMMENE: the Finnish forestry firm said on July 25 it planned
to close its Plattling mill in Germany, putting 401 jobs at risk.
* VIAPLAY: the Swedish media group on July 20 announced job cuts
affecting more than a fourth of its staff.
![](http://archives.lincolndailynews.com/2023/Sep/13/images/ads/current/graue_sda_042021.png)
Source: Regulatory filings, Reuters stories and company websites
($1 = 10.4142 Swedish crowns; $1 = 0.9222 euros)
(Compiled by Agata Rybska, Louise Breusch Rasmussen, Boleslaw
Lasocki, Laura Lenkiewicz and Victor Goury-Laffont in Gdansk;
editing by Jason Neely and Milla Nissi)
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