FACTBOX-European companies cut jobs as economy sputters
* VOLVO: the Swedish group said in March it would restructure its European bus-making operation, leading to a reduction of 1,600 jobs. FOOD, RETAIL AND CONSUMER GOODS * AHOLD DELHAIZE: the Dutch supermarket company said on Dec. 8 it planned to cut around 300 jobs at its online subsidiary Bol.com as part of a restructuring campaign.
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 December: AUTOS * MICHELIN: the tyre maker said in December it planned to cut up to 1,600 jobs in France, fewer than the 2,300 estimated in its initial voluntary redundancy plan as it seeks to safeguard production. * STELLANTIS: the carmaker agreed with unions in February to cut up to 2,000 workers from its Italian operations through voluntary redundancies. * VOLVO: the Swedish group said in March it would restructure its European bus-making operation, leading to a reduction of 1,600 jobs.
FOOD, RETAIL AND CONSUMER GOODS * AHOLD DELHAIZE: the Dutch supermarket company said on Dec. 8 it planned to cut around 300 jobs at its online subsidiary Bol.com as part of a restructuring campaign. * DELIVEROO: the British meal delivery company said on Feb. 9 it would cut around 9% of its workforce, or 350 roles. * ICA GRUPPEN: the Swedish retailer said in December it would cut about 200 jobs due to rising costs, inflation and decreases in disposable income to save some 1 billion crowns annually. * SAINSBURY'S: 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: 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. * CLAS OHLSON: the Swedish hardware store chain said in December it would cut about 85 full-time jobs amongst other measures to deliver cost savings and reduced depreciation. * FIELMANN: German glasses retailer said on March 3 it would slash hundreds of jobs by 2025 INDUSTRIALS AND ENGINEERING * 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: the Finnish elevator maker said on Jan. 26 it would reduce headcount by 1,000, including 150 in Finland.
TECH * ERICSSON: 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: 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. * PHILIPS: 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: 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: 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: 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. OTHER * BASF: 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.
* EVONIK: the German specialty chemicals producer said
on April 3 it would cut 200 jobs as part of restructuring of its pet food unit * GRIFOLS: 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: 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. * VISTRY GROUP PLC: hundreds of the British housebuilder's employees may lose their jobs as the company cuts costs in the midst of a housing slump in Britain, Bloomberg News reported on March 3. Source: Regulatory filings, Reuters stories and company websites ($1 = 10.4142 Swedish crowns;$1 = 0.9222 euros) (Compiled by Agata Rybska, Louise Breusch Rasmussen and Boleslaw Lasocki in Gdansk; Editing by Milla Nissi, Elaine Hardcastle and Conor Humphries)
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