(Adds paragraphs on Continental, Porsche, Adidas, Sainsbury's ( JSNSF ),
TESCO ( TSCDF ), Commerzbank, KLM, Neste, Tele2, Adds detail on AkzoNobel)
Feb 13 (Reuters) - Difficult economic conditions and
persistently weak demand for many products have led companies
across Europe to freeze hiring or cut jobs.
Here are some of the layoffs announced since the start of
November:
CAR AND CAR PARTS MAKERS
* BOSCH: Staff reduction schemes at the world's biggest car
parts supplier have put 8,000-10,000 jobs at risk in Germany,
its deputy supervisory board chairman said on December 11. One
of those plans is for 3,500 job cuts in its cross-domain
computer solutions division by end-2027, half of which will be
in Germany.
* CONTINENTAL: ContiTech, Continental's division
specialising in products and systems made from rubber, plastic,
metal and textiles, is to close four plants and downsize two
others, affecting a total of 580 employees, the German
automotive and industrial supplier said on January 30. This
follows Continental's plans to cut 200 more jobs announced on
January 22, affecting a site in the western city of Wetzlar.
* MICHELIN: The French tyre maker will shut down two
sites in Western France, affecting about 1,250 jobs, it said on
November 5.
* PORSCHE: The German carmaker said on February 13
it would cut an additional 1,900 jobs across the entire company
over the next four years after a programme that has already
started was found to be insufficient, a company spokesperson
told Reuters.
* SCHAEFFLER ( SCAFF ): The German machine and car parts maker
said on November 5, it planned to cut 4,700 jobs. As part of
these measures, it will close two plants in Austria and Britain,
it said on November 27.
* STELLANTIS ( STLA ): The Milan-listed automaker said on
November 26 it planned to shut its Vauxhall van factory in
southern England, putting more than 1,000 jobs at risk.
* VALEO: The French car parts supplier plans to cut
around 1,000 jobs in Europe, including the closure of two sites
in France, sources told Reuters on November 27.
INDUSTRIALS AND ENGINEERING
* THYSSENKRUPP: The German conglomerate's steel-making
division said on November 25 it planned to cut 5,000 jobs by
2030 and an additional 6,000 jobs through spin-offs or
divestitures.
RETAIL AND CONSUMER GOODS
* ADIDAS: The German sportswear retailer's CEO Bjoern
Gulden plans to cut up to 500 jobs at the company's headquarters
in Herzogenaurach, a source who took part in a meeting where the
figure was announced told Reuters on January 23.
* AUCHAN: The French supermarket group said on November 5 it
planned to cut more than 2,000 jobs amid falling traffic in its
stores.
* SAINSBURY'S ( JSNSF ): The British supermarket group said on
January 23 it was proposed to reduce its headcount by over 3,000
roles as it seeks savings to counter a "particularly challenging
cost environment."
* TESCO ( TSCDF ): Britain's largest supermarket group said on
January 29 it would cut about 400 jobs from stores and its head
office, seeking efficiency savings so it can invest in the
business.
OTHERS
* AIRBUS: The French aerospace group said on December 5
it would cut just over 2,000 jobs in its Defence and Space
business, fewer than the initially announced 2,500.
* AKZONOBEL: The Dulux paints maker said on January 29
it expects to cut around 2,200 jobs and to close at least five
more sites in 2025 as part of its restructuring efforts, after
announcing on January 10 it planned to lay off up to 211 staff
in France, about 16% of its workforce in the country, as part of
a reorganisation that would also include creation of 29 new
positions.
* BP: The British oil and gas company will cut around
4,700 staff, over 5% of its total workforce, as part of CEO
Murray Auchincloss' efforts to reduce costs, it said on January
16.
* COMMERZBANK: The German bank said on February 13 it
plans to axe 3,900 mostly local jobs to help it deliver more
ambitious profit targets as part of its strategy to fend off
UniCredit's advances for a tie-up between the German
and Italian lenders.
* EQUINOR ( EQNR ): The Norwegian oil, gas and renewable energy
producer is cutting 20% of the staff from its renewable energy
division, it said on November 21.
* IDORSIA: The Swiss pharmaceutical company said on
November 27 it would shed up to 270 jobs as part of its
restructuring efforts.
* KLM: The Dutch wing of Air France KLM said on
January 29 it would scrap 250 office jobs in a push to cut costs
and improve profitability.
* LUFTHANSA: The German flag carrier aims to gradually
reduce jobs in administration by 20%, the Manager Magazin
reported on November 14.
* NESTE: The Finnish oil refiner and biofuel maker
will cut around 600 positions as excess supply in the renewable
fuel market caused a slump in quarterly core profit, the company
said on February 13.
* NOVARTIS: The Swiss drugmaker is closing German
biotech firm MorphoSys, acquired at the start of 2024, German
news outlet WirtschaftsWoche reported on December 19, saying 330
jobs would be affected.
* SMA SOLAR: The German solar power parts supplier
said on November 13 it planned to cut up to 1,100 jobs
worldwide.
* SYENSQO: The Belgian chemicals maker said on
November 5 it would cut 300-350 jobs primarily in France, the
U.S., Belgium and Italy.
* TELE2: The Swedish telecoms group plans to cut more
than 600 jobs in 2025 in a quest to reduce costs and boost
profitability, the company said on January 29.
* UPM: The Finnish forestry group said on November 27
it would close a plant in Kaltenkirchen, Germany, affecting 154
jobs.
Source: Regulatory filings, Reuters articles and company
websites
(Compiled by Agata Rybska, Louise Breusch Rasmussen, Boleslaw
Lasocki, Charlotte Eugenie Yvette Bawol, Olga Sawczuk,
Bernadette Hogg in Gdansk and Radhika Anilkumar in Bengaluru;
Edited by Shounak Dasgupta, Milla Nissi and Barbara Lewis)